Jiayin Group Inc. (NASDAQ:JFIN) Sees Large Drop in Short Interest

Jiayin Group Inc. (NASDAQ:JFIN) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 53,100 shares, a drop of 36.0% from the February 13th total of 83,000 shares. Based on an average daily trading volume, of 135,500 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

Jiayin Group Stock Up 20.2 %

JFIN stock traded up $1.99 during midday trading on Friday, hitting $11.82. The company’s stock had a trading volume of 330,531 shares, compared to its average volume of 91,669. The stock has a market cap of $634.56 million, a price-to-earnings ratio of 3.94 and a beta of 0.78. Jiayin Group has a 1 year low of $4.00 and a 1 year high of $12.00. The stock’s 50-day moving average price is $8.70 and its 200 day moving average price is $7.21.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JFIN. XTX Topco Ltd purchased a new stake in shares of Jiayin Group during the 4th quarter worth approximately $109,000. Renaissance Technologies LLC grew its holdings in Jiayin Group by 10.3% during the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock valued at $123,000 after purchasing an additional 1,799 shares during the period. Finally, LPL Financial LLC bought a new position in Jiayin Group during the fourth quarter valued at $174,000. 44.08% of the stock is currently owned by hedge funds and other 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.