Jiayin Group Inc. (NASDAQ:JFIN – Get Free Report) saw unusually-high trading volume on Friday . Approximately 118,056 shares changed hands during mid-day trading, an increase of 30% from the previous session’s volume of 90,860 shares.The stock last traded at $11.77 and had previously closed at $9.83.
Jiayin Group Stock Up 19.3 %
The business’s fifty day moving average is $8.60 and its two-hundred day moving average is $7.16. The stock has a market cap of $629.46 million, a price-to-earnings ratio of 3.90 and a beta of 0.78.
Institutional Trading of Jiayin Group
A number of large investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its holdings in Jiayin Group by 10.3% during the 4th quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock worth $123,000 after purchasing an additional 1,799 shares during the period. XTX Topco Ltd acquired a new position in shares of Jiayin Group during the fourth quarter worth about $109,000. Finally, LPL Financial LLC acquired a new position in shares of Jiayin Group during the fourth quarter worth about $174,000. Hedge funds and other institutional investors own 44.08% of the company’s stock.
About Jiayin Group
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.
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