FinVolution Group (NYSE:FINV – Get Free Report) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 802,900 shares, a growth of 12.2% from the October 15th total of 715,500 shares. Based on an average trading volume of 869,900 shares, the short-interest ratio is currently 0.9 days.
FinVolution Group Trading Up 2.6 %
Shares of NYSE FINV traded up $0.13 during midday trading on Friday, reaching $5.05. 1,468,366 shares of the company were exchanged, compared to its average volume of 876,362. The stock has a market cap of $1.43 billion, a P/E ratio of 4.24 and a beta of 0.74. FinVolution Group has a 1 year low of $3.55 and a 1 year high of $6.05. The stock has a fifty day simple moving average of $4.90 and a 200 day simple moving average of $4.82.
FinVolution Group (NYSE:FINV – Get Free Report) last posted its quarterly earnings data on Monday, August 28th. The company reported $0.28 earnings per share for the quarter. The company had revenue of $424.16 million during the quarter. FinVolution Group had a return on equity of 19.92% and a net margin of 19.79%.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Separately, Daiwa Capital Markets began coverage on shares of FinVolution Group in a research report on Tuesday, July 25th. They issued a “buy” rating and a $6.70 price target for the company.
FinVolution Group Company Profile
FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by proprietary technologies connects underserved 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.
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