FinVolution Group (NYSE:FINV) Short Interest Up 12.8% in December

FinVolution Group (NYSE:FINV) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 1,940,000 shares, an increase of 12.8% from the December 15th total of 1,720,000 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average trading volume of 645,000 shares, the short-interest ratio is currently 3.0 days.

FinVolution Group Stock Performance

Shares of FINV opened at $7.04 on Monday. FinVolution Group has a 52 week low of $4.45 and a 52 week high of $7.29. The stock has a 50 day moving average price of $6.67 and a two-hundred day moving average price of $5.97. The firm has a market capitalization of $1.87 billion, a P/E ratio of 6.06 and a beta of 0.50.

Institutional Investors Weigh In On FinVolution Group

Several institutional investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of FinVolution Group by 51.9% in 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. Jane Street Group LLC boosted its holdings in FinVolution Group by 229.4% during the third quarter. Jane Street Group LLC now owns 185,420 shares of the company’s stock worth $1,146,000 after purchasing an additional 129,138 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in FinVolution Group during the second quarter worth about $1,039,000. Geode Capital Management LLC grew its position in FinVolution Group by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 74,723 shares of the company’s stock worth $462,000 after purchasing an additional 3,164 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in FinVolution Group by 16.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,242,306 shares of the company’s stock valued at $10,689,000 after buying an additional 315,366 shares during the last quarter. Institutional investors 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.