Jiayin Group Inc. (NASDAQ:JFIN) Short Interest Up 24.6% in July

Jiayin Group Inc. (NASDAQ:JFIN) saw a significant increase in short interest in July. As of July 15th, there was short interest totalling 17,200 shares, an increase of 24.6% from the June 30th total of 13,800 shares. Based on an average daily volume of 35,000 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. QRG Capital Management Inc. raised its stake in Jiayin Group by 45.5% in the fourth quarter. QRG Capital Management Inc. now owns 16,082 shares of the company’s stock valued at $83,000 after buying an additional 5,031 shares during the period. EWA LLC bought a new stake in Jiayin Group in the 4th quarter valued at $64,000. Fermata Advisors LLC acquired a new stake in Jiayin Group during the 2nd quarter valued at $78,000. Advisors Preferred LLC bought a new position in Jiayin Group during the first quarter worth $98,000. Finally, Boston Partners acquired a new position in shares of Jiayin Group in the first quarter valued at $439,000. 44.08% of the stock is currently owned by institutional investors and hedge funds.

Jiayin Group Stock Up 0.9 %

Shares of NASDAQ:JFIN traded up $0.05 during mid-day trading on Tuesday, reaching $5.52. 25,550 shares of the stock were exchanged, compared to its average volume of 60,409. The company has a market cap of $296.37 million, a P/E ratio of 1.63 and a beta of 0.86. The stock’s 50 day simple moving average is $6.29 and its 200-day simple moving average is $6.26. Jiayin Group has a one year low of $4.45 and a one year high of $7.57.

Jiayin Group (NASDAQ:JFIN) last posted its quarterly earnings data on Thursday, June 6th. The company reported $0.72 earnings per share (EPS) for the quarter. The company had revenue of $204.33 million for the quarter. Jiayin Group had a net margin of 22.18% and a return on equity of 58.72%.

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.