Short Interest in Jiayin Group Inc. (NASDAQ:JFIN) Rises By 123.7%

Jiayin Group Inc. (NASDAQ:JFIN) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 13,200 shares, an increase of 123.7% from the July 31st total of 5,900 shares. Based on an average trading volume of 46,300 shares, the short-interest ratio is currently 0.3 days.

Jiayin Group Trading Down 0.3 %

NASDAQ JFIN traded down $0.02 during trading hours on Friday, reaching $5.31. 14,459 shares of the company’s stock were exchanged, compared to its average volume of 61,389. The stock has a market cap of $285.28 million, a PE ratio of 1.59 and a beta of 0.86. Jiayin Group has a one year low of $4.00 and a one year high of $7.57. The firm has a fifty day moving average of $5.81 and a 200-day moving average of $6.22.

Jiayin Group (NASDAQ:JFIN) last released its quarterly earnings results on Thursday, June 6th. The company reported $0.72 EPS for the quarter. The business had revenue of $204.33 million for the quarter. Jiayin Group had a return on equity of 58.72% and a net margin of 22.18%.

Jiayin Group Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th will be given a $0.50 dividend. The ex-dividend date is Tuesday, August 27th. This represents a yield of 14.5%. Jiayin Group’s payout ratio is 25.97%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Ariadne Wealth Management LP bought a new position in Jiayin Group in the 2nd quarter valued at $31,000. Fermata Advisors LLC acquired a new position in shares of Jiayin Group in the 2nd quarter valued at $78,000. Boston Partners acquired a new position in shares of Jiayin Group in the 1st quarter valued at $439,000. Advisors Preferred LLC acquired a new position in shares of Jiayin Group in the 1st quarter valued at $98,000. Finally, QRG Capital Management Inc. lifted its stake in shares of Jiayin Group by 45.5% in the 4th quarter. QRG Capital Management Inc. now owns 16,082 shares of the company’s stock valued at $83,000 after purchasing an additional 5,031 shares during the period. 44.08% of the stock is currently owned by institutional investors.

Jiayin Group Company Profile

Jiayin Group Inc, together with its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates a fintech platform that facilitates connections between individual borrowers and financial institutions. It also offers referral services for investment products offered by the financial service providers; and technology development and services, as well as guarantee services.