Jiayin Group Inc. (NASDAQ:JFIN) Short Interest Down 36.0% in February

Jiayin Group Inc. (NASDAQ:JFIN) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 53,100 shares, a drop of 36.0% from the February 13th total of 83,000 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 135,500 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Jiayin Group

A number of hedge funds have recently added to or reduced their stakes in JFIN. LPL Financial LLC acquired a new stake in Jiayin Group in the fourth quarter valued at approximately $174,000. XTX Topco Ltd acquired a new stake in Jiayin Group in the fourth quarter valued at approximately $109,000. Finally, Renaissance Technologies LLC boosted its position in Jiayin Group by 10.3% in the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock valued at $123,000 after buying an additional 1,799 shares in the last quarter. Institutional investors and hedge funds own 44.08% of the company’s stock.

Jiayin Group Trading Up 20.2 %

Jiayin Group stock traded up $1.99 during mid-day trading on Friday, reaching $11.82. The company had a trading volume of 330,531 shares, compared to its average volume of 91,501. Jiayin Group has a fifty-two week low of $4.00 and a fifty-two week high of $12.00. The company has a market cap of $634.56 million, a P/E ratio of 3.94 and a beta of 0.78. The business has a fifty day simple moving average of $8.70 and a 200 day simple moving average of $7.19.

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.