Jiayin Group (NASDAQ:JFIN) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Jiayin Group Inc. (NASDAQ:JFIN) saw unusually-high trading volume on Friday . Approximately 118,056 shares changed hands during mid-day trading, an increase of 30% from the previous session’s volume of 90,860 shares.The stock last traded at $11.77 and had previously closed at $9.83.

Jiayin Group Stock Up 20.2 %

The stock has a market capitalization of $634.56 million, a P/E ratio of 3.94 and a beta of 0.78. The business has a 50-day simple moving average of $8.70 and a two-hundred day simple moving average of $7.21.

Hedge Funds Weigh In On Jiayin Group

A number of institutional investors and hedge funds have recently bought and sold shares of JFIN. LPL Financial LLC acquired a new position in Jiayin Group in the fourth quarter worth $174,000. XTX Topco Ltd acquired a new position in Jiayin Group in the fourth quarter worth $109,000. Finally, Renaissance Technologies LLC boosted its stake in Jiayin Group by 10.3% in the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock worth $123,000 after purchasing an additional 1,799 shares in the last quarter. Institutional investors and hedge funds own 44.08% of the company’s stock.

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.