Yiren Digital Ltd. (NYSE:YRD) Short Interest Up 20.1% in February

Yiren Digital Ltd. (NYSE:YRD) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 155,900 shares, an increase of 20.1% from the January 31st total of 129,800 shares. Based on an average daily volume of 150,200 shares, the short-interest ratio is currently 1.0 days.

Yiren Digital Trading Down 0.1 %

NYSE YRD opened at $6.94 on Friday. The company’s 50-day moving average price is $5.86 and its 200-day moving average price is $5.49. The stock has a market cap of $608.40 million, a PE ratio of 2.39 and a beta of 0.71. Yiren Digital has a 12 month low of $4.12 and a 12 month high of $9.20.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Yiren Digital from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in YRD. Dimensional Fund Advisors LP grew its holdings in Yiren Digital by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,088,920 shares of the technology company’s stock worth $5,225,000 after acquiring an additional 30,641 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Yiren Digital by 33.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 341,877 shares of the technology company’s stock worth $1,641,000 after acquiring an additional 85,414 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Yiren Digital by 43.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 38,528 shares of the technology company’s stock worth $185,000 after acquiring an additional 11,583 shares in the last quarter. Trexquant Investment LP bought a new position in Yiren Digital during the 4th quarter worth about $138,000. Finally, American Century Companies Inc. bought a new position in Yiren Digital during the 4th quarter worth about $107,000. 1.99% of the stock is currently owned by institutional investors.

About Yiren Digital

Yiren Digital Ltd. provides financial services through an AI-powered platform in China. Its platform provides a suite of financial and lifestyle services. The company offers financial services, which provides a portfolio of loan products to borrowers; insurance brokerage services; and consumption and lifestyle services, including non-financial products and services to meet various consumer needs.