Short Interest in Jiayin Group Inc. (NASDAQ:JFIN) Expands By 138.5%

Jiayin Group Inc. (NASDAQ:JFIN) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 120,200 shares, an increase of 138.5% from the March 15th total of 50,400 shares. Based on an average daily volume of 168,000 shares, the short-interest ratio is presently 0.7 days. Currently, 0.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On Jiayin Group

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in shares of Jiayin Group by 10.3% during 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. XTX Topco Ltd acquired a new position in Jiayin Group during the 4th quarter worth about $109,000. Finally, LPL Financial LLC bought a new stake in shares of Jiayin Group in the 4th quarter valued at about $174,000. 44.08% of the stock is currently owned by institutional investors.

Jiayin Group Stock Performance

Shares of Jiayin Group stock traded down $0.67 during midday trading on Wednesday, hitting $10.27. 220,292 shares of the company traded hands, compared to its average volume of 104,731. The stock has a market cap of $551.34 million, a price-to-earnings ratio of 3.42 and a beta of 0.62. The firm’s fifty day moving average price is $10.86 and its 200-day moving average price is $8.28. Jiayin Group has a 12 month low of $4.00 and a 12 month high of $16.22.

Jiayin Group (NASDAQ:JFIN) last posted its earnings results on Thursday, March 27th. The company reported $0.72 earnings per share for the quarter. Jiayin Group had a net margin of 19.17% and a return on equity of 43.90%. The firm had revenue of $192.42 million for the quarter.

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.