Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Short Interest Update

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 4,051,062 shares, an increase of 25.5% from the January 15th total of 3,227,120 shares. Based on an average daily trading volume, of 1,263,793 shares, the days-to-cover ratio is currently 3.2 days. Currently, 3.4% of the shares of the company are short sold. Currently, 3.4% of the shares of the company are short sold. Based on an average daily trading volume, of 1,263,793 shares, the days-to-cover ratio is currently 3.2 days.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on QFIN. Zacks Research cut Qfin from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 17th. JPMorgan Chase & Co. downgraded shares of Qfin from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $45.00 to $21.00 in a research report on Wednesday, November 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Qfin in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Qfin currently has a consensus rating of “Hold” and a consensus target price of $36.85.

Qfin Price Performance

Shares of Qfin stock traded down $0.07 during trading hours on Monday, hitting $15.55. The company’s stock had a trading volume of 1,144,466 shares, compared to its average volume of 1,321,871. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.94 and a current ratio of 2.94. Qfin has a 12-month low of $14.79 and a 12-month high of $48.94. The business has a 50 day moving average price of $17.71 and a two-hundred day moving average price of $23.68. The company has a market cap of $2.21 billion, a PE ratio of 2.27, a PEG ratio of 0.23 and a beta of 0.52.

Qfin (NASDAQ:QFIN) last posted its quarterly earnings results on Tuesday, November 18th. The company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.16). The business had revenue of $731.04 million during the quarter, compared to the consensus estimate of $693.21 million. Qfin had a return on equity of 28.73% and a net margin of 35.09%. Analysts expect that Qfin will post 5.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Qfin

Several hedge funds and other institutional investors have recently modified their holdings of QFIN. Squarepoint Ops LLC lifted its holdings in shares of Qfin by 27.2% in the 4th quarter. Squarepoint Ops LLC now owns 132,366 shares of the company’s stock worth $2,551,000 after buying an additional 28,305 shares during the period. Maven Securities LTD raised its stake in shares of Qfin by 8.1% in the fourth quarter. Maven Securities LTD now owns 68,033 shares of the company’s stock worth $1,311,000 after purchasing an additional 5,121 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of Qfin by 130.3% in the 4th quarter. Schroder Investment Management Group now owns 315,817 shares of the company’s stock valued at $6,181,000 after acquiring an additional 178,666 shares during the last quarter. Headlands Technologies LLC lifted its position in Qfin by 51.9% during the fourth quarter. Headlands Technologies LLC now owns 63,670 shares of the company’s stock valued at $1,227,000 after purchasing an additional 21,754 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its position in Qfin by 415.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,636 shares of the company’s stock valued at $51,000 after purchasing an additional 2,125 shares during the period. 74.81% of the stock is currently owned by hedge funds and other institutional investors.

Qfin Company Profile

360 DigiTech, Inc (NASDAQ: QFIN) is a China‐based fintech company that specializes in providing digital lending solutions to underserved consumer and small business markets. Leveraging proprietary credit assessment technologies and big data analytics, the company connects borrowers with a network of financial institutions and investors through its online platform. Its services encompass unsecured consumer loans, installment credit products, and working capital financing for micro and small enterprises.

The company’s flagship platform offers an end‐to‐end digital lending experience, from application and credit evaluation to disbursement and repayment.