Jiayin Group Inc. (NASDAQ:JFIN – Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 19,900 shares, an increase of 50.8% from the August 15th total of 13,200 shares. Based on an average daily trading volume, of 75,100 shares, the short-interest ratio is presently 0.3 days.
Hedge Funds Weigh In On Jiayin Group
A number of large investors have recently bought and sold shares of JFIN. QRG Capital Management Inc. grew its position in shares of Jiayin Group by 45.5% in the 4th quarter. QRG Capital Management Inc. now owns 16,082 shares of the company’s stock worth $83,000 after buying an additional 5,031 shares during the last quarter. Boston Partners bought a new stake in shares of Jiayin Group in the 1st quarter worth approximately $439,000. Fermata Advisors LLC bought a new stake in shares of Jiayin Group in the 2nd quarter worth approximately $78,000. Advisors Preferred LLC bought a new stake in shares of Jiayin Group in the 1st quarter worth approximately $98,000. Finally, Ariadne Wealth Management LP bought a new stake in shares of Jiayin Group in the 2nd quarter worth approximately $31,000. 44.08% of the stock is owned by hedge funds and other institutional investors.
Jiayin Group Stock Performance
Shares of NASDAQ JFIN opened at $5.51 on Monday. The stock has a market cap of $295.80 million, a price-to-earnings ratio of 1.64 and a beta of 0.83. Jiayin Group has a 1-year low of $4.00 and a 1-year high of $7.57. The stock’s 50-day moving average is $5.62 and its 200 day moving average is $6.23.
Jiayin Group Dividend Announcement
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.
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