FinVolution Group (NYSE:FINV) Short Interest Update

FinVolution Group (NYSE:FINV) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 2,490,000 shares, a growth of 32.4% from the January 31st total of 1,880,000 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily volume of 818,100 shares, the short-interest ratio is currently 3.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FINV. Mirae Asset Global Investments Co. Ltd. purchased a new position in FinVolution Group in the fourth quarter worth $28,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in FinVolution Group in the third quarter worth $58,000. Aigen Investment Management LP purchased a new position in FinVolution Group in the fourth quarter worth $75,000. NewEdge Advisors LLC grew its position in FinVolution Group by 381.1% in the fourth quarter. NewEdge Advisors LLC now owns 12,624 shares of the company’s stock worth $86,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in FinVolution Group in the fourth quarter worth $90,000. 31.15% of the stock is currently owned by hedge funds and other institutional investors.

FinVolution Group Trading Down 0.7 %

Shares of FINV traded down $0.05 during mid-day trading on Tuesday, reaching $8.06. 658,149 shares of the stock traded hands, compared to its average volume of 710,174. The firm has a fifty day moving average price of $7.57 and a 200 day moving average price of $6.61. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 6.94 and a beta of 0.49. FinVolution Group has a 1 year low of $4.45 and a 1 year high of $8.78.

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.