X Financial Sponsored ADR (NYSE:XYF) Short Interest Up 20.3% in January

X Financial Sponsored ADR (NYSE:XYF) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 130,830 shares, a growth of 20.3% from the December 31st total of 108,781 shares. Based on an average daily volume of 185,981 shares, the short-interest ratio is currently 0.7 days. Currently, 0.5% of the company’s shares are sold short. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 185,981 shares, the short-interest ratio is currently 0.7 days.

X Financial Trading Up 1.7%

X Financial stock traded up $0.09 during midday trading on Wednesday, reaching $5.24. The stock had a trading volume of 191,725 shares, compared to its average volume of 241,166. The company has a fifty day moving average price of $6.21 and a two-hundred day moving average price of $10.95. The company has a market capitalization of $218.93 million, a P/E ratio of 0.93 and a beta of 0.46. X Financial has a 12 month low of $5.00 and a 12 month high of $20.35.

Institutional Trading of X Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets bought a new position in X Financial during the 3rd quarter valued at $105,000. Russell Investments Group Ltd. lifted its position in shares of X Financial by 468.4% during the third quarter. Russell Investments Group Ltd. now owns 33,780 shares of the company’s stock valued at $457,000 after purchasing an additional 27,837 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in X Financial during the second quarter worth about $697,000. 1.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XYF has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of X Financial in a research report on Monday, December 29th. Wall Street Zen cut X Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

About X Financial

X Financial (NYSE:XYF) is a Beijing-based online credit marketplace focused on providing diversified financing solutions to individuals and small- and medium-sized enterprises (SMEs) in China. The company was established in 2014 and completed its initial public offering on the New York Stock Exchange in 2016. Since inception, X Financial has built a technology-driven platform that connects borrowers with a network of institutional investors, banks and other funding sources, aiming to streamline access to credit and improve lending efficiency.

The company’s core offerings include consumer loans, SME loans, real estate-secured financing and wealth management products.