China Lending Corp (NASDAQ:CLDC) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 143,400 shares, a decrease of 17.1% from the July 31st total of 172,900 shares. Based on an average daily volume of 91,600 shares, the short-interest ratio is currently 1.6 days. Currently, 2.0% of the shares of the stock are short sold.
An institutional investor recently bought a new position in China Lending stock. Jane Street Group LLC purchased a new stake in China Lending Corp (NASDAQ:CLDC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 41,701 shares of the financial services provider’s stock, valued at approximately $41,000. Jane Street Group LLC owned about 0.16% of China Lending as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.27% of the company’s stock.
Shares of CLDC traded down $0.05 during trading hours on Friday, reaching $0.10. The stock had a trading volume of 37,119 shares, compared to its average volume of 105,862. China Lending has a 12 month low of $0.36 and a 12 month high of $2.76. The company’s 50-day moving average is $0.61 and its two-hundred day moving average is $0.98.
China Lending Corporation, through its subsidiaries, provides direct lending services in the Xinjiang Uyghur Autonomous Region of the People's Republic of China. It offers loans to micro, small, and medium sized enterprises; and sole proprietors. The company also provides financial consulting services.
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