FinVolution Group (NYSE:FINV) Short Interest Update

FinVolution Group (NYSE:FINV) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 886,600 shares, a growth of 5.7% from the October 31st total of 838,900 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 703,100 shares, the short-interest ratio is currently 1.3 days.

FinVolution Group Stock Up 1.5 %

Shares of FinVolution Group stock traded up $0.10 on Tuesday, hitting $6.83. The stock had a trading volume of 323,449 shares, compared to its average volume of 707,240. FinVolution Group has a one year low of $4.40 and a one year high of $7.24. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 5.80 and a beta of 0.48. The stock’s 50-day simple moving average is $6.18 and its two-hundred day simple moving average is $5.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in FinVolution Group in the second quarter valued at $472,000. Commonwealth Equity Services LLC purchased a new position in FinVolution Group during the second quarter valued at $270,000. Acadian Asset Management LLC lifted its position in FinVolution Group by 12.5% during the second quarter. Acadian Asset Management LLC now owns 2,861,280 shares of the company’s stock valued at $13,634,000 after buying an additional 317,682 shares during the period. Caprock Group LLC purchased a new position in FinVolution Group during the second quarter valued at $479,000. Finally, American Century Companies Inc. lifted its position in FinVolution Group by 5.9% during the second quarter. American Century Companies Inc. now owns 699,574 shares of the company’s stock valued at $3,337,000 after buying an additional 39,252 shares during the period. Institutional investors own 31.15% of the company’s stock.

FinVolution Group Company Profile

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.