FinVolution Group (NYSE:FINV) Short Interest Down 15.4% in October

FinVolution Group (NYSE:FINV) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 838,900 shares, a decrease of 15.4% from the October 15th total of 991,300 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily volume of 699,800 shares, the short-interest ratio is presently 1.2 days.

Institutional Investors Weigh In On FinVolution Group

Several hedge funds have recently added to or reduced their stakes in FINV. SYM FINANCIAL Corp bought a new stake in shares of FinVolution Group in the 2nd quarter worth approximately $54,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in FinVolution Group in the third quarter worth $58,000. SVB Wealth LLC bought a new stake in FinVolution Group in the first quarter worth $80,000. Quadrature Capital Ltd purchased a new stake in FinVolution Group during the third quarter valued at about $94,000. Finally, Blue Trust Inc. grew its stake in shares of FinVolution Group by 246.8% during the third quarter. Blue Trust Inc. now owns 15,754 shares of the company’s stock valued at $97,000 after buying an additional 11,211 shares during the last quarter. Institutional investors own 31.15% of the company’s stock.

FinVolution Group Stock Performance

FinVolution Group stock traded up $0.12 during mid-day trading on Friday, hitting $5.94. 559,647 shares of the company traded hands, compared to its average volume of 697,719. FinVolution Group has a one year low of $4.22 and a one year high of $7.24. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 5.40 and a beta of 0.45. The stock has a fifty day moving average price of $5.96 and a 200-day moving average price of $5.37.

FinVolution Group (NYSE:FINV) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.30 earnings per share (EPS) for the quarter. FinVolution Group had a net margin of 17.00% and a return on equity of 16.57%. The company had revenue of $435.93 million during the quarter.

FinVolution Group Company Profile

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.