Qifu Technology, Inc. (NASDAQ:QFIN) Short Interest Update

Qifu Technology, Inc. (NASDAQ:QFIN) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 3,870,000 shares, an increase of 36.3% from the January 31st total of 2,840,000 shares. Based on an average daily volume of 1,330,000 shares, the days-to-cover ratio is presently 2.9 days.

Analysts Set New Price Targets

Separately, Citigroup increased their price objective on Qifu Technology from $31.44 to $37.50 and gave the stock a “buy” rating in a report on Thursday, November 21st.

Institutional Investors Weigh In On Qifu Technology

Institutional investors have recently modified their holdings of the stock. GeoWealth Management LLC purchased a new stake in shares of Qifu Technology in the fourth quarter worth $26,000. Jones Financial Companies Lllp purchased a new stake in shares of Qifu Technology in the fourth quarter worth $29,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Qifu Technology in the third quarter worth $30,000. Advisors Preferred LLC purchased a new stake in shares of Qifu Technology in the fourth quarter worth $41,000. Finally, Global Retirement Partners LLC grew its stake in shares of Qifu Technology by 80.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,164 shares of the company’s stock worth $45,000 after acquiring an additional 518 shares during the last quarter. 74.81% of the stock is owned by hedge funds and other institutional investors.

Qifu Technology Trading Up 9.4 %

NASDAQ QFIN opened at $43.42 on Thursday. Qifu Technology has a 12 month low of $15.14 and a 12 month high of $46.25. The stock has a market cap of $6.84 billion, a P/E ratio of 8.79, a P/E/G ratio of 0.32 and a beta of 0.59. The stock’s fifty day moving average price is $40.09 and its 200-day moving average price is $34.57.

Qifu Technology Company Profile

Qifu Technology, Inc, through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service.