FinVolution Group (NYSE:FINV) Sees Large Increase in Short Interest

FinVolution Group (NYSE:FINV) was the recipient of a large increase in short interest in February. As of February 15th, there was short interest totalling 2,490,000 shares, an increase of 32.4% from the January 31st total of 1,880,000 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily volume of 818,100 shares, the days-to-cover ratio is presently 3.0 days.

Institutional Trading of FinVolution Group

A number of hedge funds have recently added to or reduced their stakes in FINV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 valued at $3,064,000 after purchasing an additional 169,344 shares in the last quarter. Jane Street Group LLC lifted its position in FinVolution Group by 229.4% during the 3rd quarter. Jane Street Group LLC now owns 185,420 shares of the company’s stock worth $1,146,000 after acquiring an additional 129,138 shares in the last quarter. Geode Capital Management LLC lifted its position in FinVolution Group by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 74,723 shares of the company’s stock worth $462,000 after acquiring an additional 3,164 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in FinVolution Group during the 3rd quarter worth approximately $1,224,000. Finally, DGS Capital Management LLC lifted its position in FinVolution Group by 23.3% during the 3rd quarter. DGS Capital Management LLC now owns 444,853 shares of the company’s stock worth $2,749,000 after acquiring an additional 84,077 shares in the last quarter. 31.15% of the stock is owned by institutional investors and hedge funds.

FinVolution Group Trading Up 4.9 %

FinVolution Group stock opened at $8.44 on Thursday. The stock has a 50-day moving average price of $7.60 and a 200 day moving average price of $6.62. FinVolution Group has a 52 week low of $4.45 and a 52 week high of $8.78. The stock has a market cap of $2.24 billion, a PE ratio of 7.27 and a beta of 0.47.

FinVolution Group Company Profile

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.