FinVolution Group (NYSE:FINV) Short Interest Update

FinVolution Group (NYSE:FINV) was the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 1,950,000 shares, an increase of 30.0% from the July 15th total of 1,500,000 shares. Based on an average daily volume of 620,000 shares, the days-to-cover ratio is presently 3.1 days. Currently, 1.3% of the company’s stock are short sold.

Institutional Investors Weigh In On FinVolution Group

Several institutional investors have recently modified their holdings of the business. QRG Capital Management Inc. grew its position in FinVolution Group by 5.3% in the 4th quarter. QRG Capital Management Inc. now owns 62,287 shares of the company’s stock worth $305,000 after purchasing an additional 3,118 shares during the period. D Orazio & Associates Inc. increased its position in FinVolution Group by 17.2% during the second quarter. D Orazio & Associates Inc. now owns 26,150 shares of the company’s stock valued at $125,000 after acquiring an additional 3,832 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in FinVolution Group by 27.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 26,155 shares of the company’s stock valued at $128,000 after acquiring an additional 5,705 shares during the period. Ballentine Partners LLC boosted its position in FinVolution Group by 62.7% in the first quarter. Ballentine Partners LLC now owns 18,481 shares of the company’s stock worth $93,000 after purchasing an additional 7,123 shares during the last quarter. Finally, Kathmere Capital Management LLC boosted its position in FinVolution Group by 28.9% in the first quarter. Kathmere Capital Management LLC now owns 35,465 shares of the company’s stock worth $179,000 after purchasing an additional 7,946 shares during the last quarter. 31.15% of the stock is owned by hedge funds and other institutional investors.

FinVolution Group Stock Performance

Shares of NYSE:FINV traded up $0.09 during trading on Friday, reaching $5.70. 419,333 shares of the stock traded hands, compared to its average volume of 694,142. The stock has a market cap of $1.51 billion, a P/E ratio of 5.23 and a beta of 0.44. The stock has a 50-day moving average of $5.05 and a two-hundred day moving average of $5.00. FinVolution Group has a 52-week low of $4.22 and a 52-week high of $5.70.

FinVolution Group (NYSE:FINV) last posted its earnings results on Wednesday, May 15th. The company reported $0.29 EPS for the quarter. FinVolution Group had a return on equity of 16.91% and a net margin of 17.15%. The business had revenue of $438.36 million during the quarter.

About FinVolution Group

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.