FinVolution Group (NYSE:FINV) Short Interest Update

FinVolution Group (NYSE:FINV) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 886,600 shares, a growth of 5.7% from the October 31st total of 838,900 shares. Based on an average daily volume of 703,100 shares, the short-interest ratio is presently 1.3 days. Currently, 0.6% of the company’s stock are short sold.

FinVolution Group Price Performance

FINV stock opened at $6.88 on Thursday. The firm has a market capitalization of $1.83 billion, a P/E ratio of 5.93 and a beta of 0.48. The business’s 50-day moving average is $6.25 and its two-hundred day moving average is $5.50. FinVolution Group has a 1 year low of $4.40 and a 1 year high of $7.24.

Institutional Investors Weigh In On FinVolution Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp raised its position in shares of FinVolution Group by 8.3% during the 3rd quarter. State Street Corp now owns 3,496,614 shares of the company’s stock worth $21,609,000 after acquiring an additional 268,843 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of FinVolution Group by 12.5% during the 2nd quarter. Acadian Asset Management LLC now owns 2,861,280 shares of the company’s stock worth $13,634,000 after acquiring an additional 317,682 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of FinVolution Group by 16.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,242,306 shares of the company’s stock worth $10,689,000 after acquiring an additional 315,366 shares in the last quarter. American Century Companies Inc. raised its position in shares of FinVolution Group by 5.9% during the 2nd quarter. American Century Companies Inc. now owns 699,574 shares of the company’s stock worth $3,337,000 after acquiring an additional 39,252 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of FinVolution Group by 51.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 495,788 shares of the company’s stock worth $3,064,000 after acquiring an additional 169,344 shares in the last quarter. Institutional investors and hedge funds own 31.15% of the company’s stock.

About FinVolution Group

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.