X Financial (NYSE:XYF) Sees Significant Increase in Short Interest

X Financial (NYSE:XYF) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 48,500 shares, a growth of 1,210.8% from the February 28th total of 3,700 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 95,800 shares, the days-to-cover ratio is currently 0.5 days.

X Financial Stock Up 16.7 %

XYF traded up $2.17 during midday trading on Wednesday, hitting $15.17. 501,806 shares of the company traded hands, compared to its average volume of 46,421. The company’s 50-day moving average is $9.89 and its 200 day moving average is $7.91. The firm has a market capitalization of $741.96 million, a PE ratio of 4.00 and a beta of 0.45. X Financial has a 52 week low of $3.48 and a 52 week high of $15.49.

X Financial (NYSE:XYF) last released its quarterly earnings data on Wednesday, March 19th. The company reported $1.13 earnings per share for the quarter. X Financial had a net margin of 25.03% and a return on equity of 20.66%. The firm had revenue of $234.09 million during the quarter.

X Financial Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 20th will be issued a $0.25 dividend. The ex-dividend date is Friday, June 20th. This represents a dividend yield of 2.6%. This is a positive change from X Financial’s previous semi-annual dividend of $0.17. X Financial’s payout ratio is presently 7.36%.

About X Financial

X Financial provides personal finance services in the People’s Republic of China. The company offers services as an online marketplace connecting borrowers and investors or institutional funding partners. Its loan products include Xiaoying credit loan, which consists of Xiaoying card loan; and Xiaoying preferred loan to small business owners.