Scienjoy Holding Corporation (NASDAQ:SJ) Sees Significant Decline in Short Interest

Scienjoy Holding Corporation (NASDAQ:SJ) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 4,073 shares, a decline of 47.5% from the June 15th total of 7,759 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 89,408 shares, the short-interest ratio is currently 0.0 days.

Scienjoy Trading Up 1.0%

NASDAQ:SJ traded up $0.01 during trading hours on Wednesday, reaching $0.97. 3,296 shares of the company traded hands, compared to its average volume of 67,033. The business’s 50-day moving average price is $1.04 and its two-hundred day moving average price is $1.12. Scienjoy has a 1 year low of $0.45 and a 1 year high of $1.63. The stock has a market capitalization of $38.35 million, a P/E ratio of -0.50 and a beta of 0.89.

Scienjoy (NASDAQ:SJ) last posted its quarterly earnings results on Thursday, May 21st. The company reported $0.03 EPS for the quarter. The firm had revenue of $40.99 million for the quarter. Scienjoy had a negative net margin of 46.33% and a negative return on equity of 63.91%.

Institutional Investors Weigh In On Scienjoy

A hedge fund recently raised its position in Scienjoy stock. Citadel Advisors LLC boosted its holdings in Scienjoy Holding Corporation (NASDAQ:SJ) by 25.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,709 shares of the company’s stock after buying an additional 15,540 shares during the quarter. Citadel Advisors LLC owned 0.20% of Scienjoy worth $49,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Scienjoy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, June 16th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Scienjoy has a consensus rating of “Sell”.

About Scienjoy

Scienjoy Limited (NASDAQ: SJ) is a China-based interactive entertainment company that operates online social platforms and develops mobile gaming applications. The company’s core business centers on group video chat services and live-streaming products that facilitate multi-user interactions. Through its proprietary technologies, Scienjoy provides users with themed virtual rooms, interactive features such as filters and animations, and a range of monetization options including virtual gifting and membership subscriptions.

In addition to its social entertainment offerings, Scienjoy develops and publishes casual mobile games across Android and iOS platforms.