FinVolution Group (NYSE:FINV) Short Interest Up 22.9% in December

FinVolution Group (NYSE:FINV) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,720,000 shares, a growth of 22.9% from the November 30th total of 1,400,000 shares. Based on an average trading volume of 786,800 shares, the short-interest ratio is currently 2.2 days. Currently, 1.2% of the shares of the company are sold short.

Institutional Investors Weigh In On FinVolution Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. DGS Capital Management LLC raised its position in FinVolution Group by 23.3% in the third 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. Geode Capital Management LLC raised its holdings in shares of 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. Public Employees Retirement System of Ohio acquired a new stake in FinVolution Group during the third quarter valued at approximately $1,224,000. XTX Topco Ltd bought a new stake in FinVolution Group during the third quarter worth approximately $346,000. Finally, Jane Street Group LLC increased its holdings in shares of FinVolution Group by 229.4% in the third quarter. Jane Street Group LLC now owns 185,420 shares of the company’s stock valued at $1,146,000 after buying an additional 129,138 shares in the last quarter. 31.15% of the stock is currently owned by institutional investors.

FinVolution Group Stock Performance

Shares of FINV traded down $0.01 during midday trading on Tuesday, hitting $6.79. 350,361 shares of the stock traded hands, compared to its average volume of 702,175. FinVolution Group has a 1-year low of $4.45 and a 1-year high of $7.29. The business’s 50 day moving average price is $6.46 and its two-hundred day moving average price is $5.77. The firm has a market capitalization of $1.80 billion, a PE ratio of 5.85 and a beta of 0.48.

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.