LexinFintech Holdings Ltd. (NASDAQ:LX) Short Interest Update

LexinFintech Holdings Ltd. (NASDAQ:LX) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 6,980,000 shares, an increase of 21.4% from the January 15th total of 5,750,000 shares. Approximately 5.4% of the shares of the company are short sold. Based on an average trading volume of 3,510,000 shares, the short-interest ratio is presently 2.0 days.

LexinFintech Stock Performance

NASDAQ LX traded down $0.43 during trading hours on Monday, reaching $8.20. The company’s stock had a trading volume of 3,987,451 shares, compared to its average volume of 2,625,193. The stock has a market cap of $1.35 billion, a PE ratio of 13.02 and a beta of 0.66. The business has a 50-day simple moving average of $6.68 and a 200 day simple moving average of $4.14. LexinFintech has a 52 week low of $1.56 and a 52 week high of $9.00. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10.

LexinFintech (NASDAQ:LX) last released its quarterly earnings results on Monday, November 25th. The company reported $0.26 EPS for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded shares of LexinFintech from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Wolverine Trading LLC acquired a new stake in LexinFintech in the third quarter worth approximately $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of LexinFintech in the 4th quarter worth $29,000. Centiva Capital LP acquired a new stake in shares of LexinFintech in the third quarter valued at $41,000. Ameriprise Financial Inc. bought a new position in LexinFintech during the fourth quarter valued at about $61,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in LexinFintech during the fourth quarter worth about $70,000.

About LexinFintech

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.