Yiren Digital (NYSE:YRD) Sees Large Volume Increase – What’s Next?

Yiren Digital Ltd. (NYSE:YRD) shares saw strong trading volume on Monday . 243,146 shares traded hands during trading, an increase of 70% from the previous session’s volume of 142,767 shares.The stock last traded at $8.12 and had previously closed at $7.34.

Yiren Digital Price Performance

The stock has a market cap of $697.01 million, a P/E ratio of 2.75 and a beta of 0.65. The business’s fifty day moving average price is $6.06 and its 200 day moving average price is $5.57.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. AXA S.A. lifted its holdings in shares of Yiren Digital by 80.7% in the fourth quarter. AXA S.A. now owns 11,562 shares of the technology company’s stock worth $55,000 after acquiring an additional 5,165 shares during the last quarter. Two Sigma Investments LP bought a new position in Yiren Digital in the 4th quarter valued at approximately $61,000. Invesco Ltd. bought a new position in Yiren Digital in the 4th quarter valued at approximately $71,000. American Century Companies Inc. bought a new position in Yiren Digital in the 4th quarter valued at approximately $107,000. Finally, XTX Topco Ltd raised its holdings in Yiren Digital by 34.5% in the 3rd quarter. XTX Topco Ltd now owns 20,657 shares of the technology company’s stock valued at $118,000 after buying an additional 5,294 shares during the last quarter. Institutional investors own 1.99% of the company’s stock.

Yiren Digital Company Profile

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.