FinVolution Group (NYSE:FINV – Get Free Report) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 1,640,000 shares, an increase of 8.6% from the August 31st total of 1,510,000 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 583,900 shares, the days-to-cover ratio is presently 2.8 days.
FinVolution Group Trading Up 3.1 %
Shares of FINV stock traded up $0.19 during mid-day trading on Tuesday, reaching $6.37. The stock had a trading volume of 1,902,058 shares, compared to its average volume of 701,208. The stock’s 50-day moving average price is $5.46 and its two-hundred day moving average price is $5.10. The firm has a market capitalization of $1.69 billion, a PE ratio of 5.84 and a beta of 0.43. FinVolution Group has a 52-week low of $4.22 and a 52-week high of $6.45.
FinVolution Group (NYSE:FINV – Get Free Report) last announced its earnings results on Tuesday, August 20th. The company reported $0.30 earnings per share for the quarter. The firm had revenue of $435.93 million for the quarter. FinVolution Group had a net margin of 17.00% and a return on equity of 16.57%.
Institutional Investors Weigh In On FinVolution Group
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.
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