Yiren Digital Ltd. (NYSE:YRD) Short Interest Up 24.1% in February

Yiren Digital Ltd. (NYSE:YRD) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 193,500 shares, an increase of 24.1% from the February 13th total of 155,900 shares. Based on an average daily volume of 128,900 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.4% of the company’s stock are short sold.

Institutional Investors Weigh In On Yiren Digital

Hedge funds have recently modified their holdings of the business. XTX Topco Ltd raised its position in shares of Yiren Digital by 34.5% during the third quarter. XTX Topco Ltd now owns 20,657 shares of the technology company’s stock worth $118,000 after purchasing an additional 5,294 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Yiren Digital in the 3rd quarter valued at approximately $153,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Yiren Digital by 44.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 256,463 shares of the technology company’s stock valued at $1,459,000 after buying an additional 78,415 shares during the last quarter. Two Sigma Investments LP acquired a new stake in Yiren Digital in the 4th quarter valued at approximately $61,000. Finally, Dimensional Fund Advisors LP raised its position in Yiren Digital by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,088,920 shares of the technology company’s stock valued at $5,225,000 after buying an additional 30,641 shares during the last quarter. Institutional investors and hedge funds own 1.99% of the company’s stock.

Yiren Digital Trading Up 1.8 %

Shares of NYSE YRD traded up $0.15 during mid-day trading on Tuesday, reaching $8.05. 267,140 shares of the company’s stock were exchanged, compared to its average volume of 143,576. The firm has a market capitalization of $705.78 million, a price-to-earnings ratio of 2.77 and a beta of 0.65. The business has a fifty day simple moving average of $6.12 and a 200 day simple moving average of $5.59. Yiren Digital has a twelve month low of $4.12 and a twelve month high of $9.20.

About Yiren Digital

Yiren Digital Ltd. provides financial services through an AI-powered platform in China. Its platform provides a suite of financial and lifestyle services. The company offers financial services, which provides a portfolio of loan products to borrowers; insurance brokerage services; and consumption and lifestyle services, including non-financial products and services to meet various consumer needs.