Jiayin Group Inc. (NASDAQ:JFIN) Short Interest Down 36.0% in February

Jiayin Group Inc. (NASDAQ:JFIN) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 53,100 shares, a drop of 36.0% from the February 13th total of 83,000 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 135,500 shares, the short-interest ratio is currently 0.4 days.

Jiayin Group Stock Up 7.0 %

Shares of JFIN traded up $0.83 during trading hours on Monday, reaching $12.65. 380,684 shares of the company traded hands, compared to its average volume of 91,304. The stock has a market capitalization of $679.12 million, a P/E ratio of 4.22 and a beta of 0.78. Jiayin Group has a 12-month low of $4.00 and a 12-month high of $12.60. The business has a fifty day moving average price of $8.70 and a 200-day moving average price of $7.22.

Institutional Trading of Jiayin Group

Several large investors have recently bought and sold shares of the business. LPL Financial LLC acquired a new stake in shares of Jiayin Group in the 4th quarter valued at $174,000. Renaissance Technologies LLC lifted its position in Jiayin Group by 10.3% in the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock valued at $123,000 after acquiring an additional 1,799 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Jiayin Group in the fourth quarter valued at $109,000. Hedge funds and other institutional investors own 44.08% of the company’s stock.

About Jiayin Group

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.