Yirendai Ltd. (NYSE:YRD) Short Interest Down 15.4% in March

Yirendai Ltd. (NYSE:YRD) was the target of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 102,529 shares, a decrease of 15.4% from the February 26th total of 121,226 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 31,036 shares, the short-interest ratio is presently 3.3 days.

Hedge Funds Weigh In On Yirendai

Hedge funds and other institutional investors have recently modified their holdings of the company. Arete Wealth Advisors LLC bought a new stake in shares of Yirendai in the fourth quarter worth $37,000. American Century Companies Inc. lifted its holdings in Yirendai by 35.7% in the second quarter. American Century Companies Inc. now owns 23,799 shares of the technology company’s stock valued at $140,000 after acquiring an additional 6,261 shares during the period. Raymond James Financial Inc. boosted its position in Yirendai by 5,362.0% in the third quarter. Raymond James Financial Inc. now owns 27,310 shares of the technology company’s stock worth $162,000 after purchasing an additional 26,810 shares during the last quarter. XTX Topco Ltd boosted its position in Yirendai by 52.8% in the fourth quarter. XTX Topco Ltd now owns 47,898 shares of the technology company’s stock worth $177,000 after purchasing an additional 16,554 shares during the last quarter. Finally, Verdad Advisers LP bought a new stake in shares of Yirendai during the 4th quarter valued at about $195,000. 1.99% of the stock is owned by institutional investors.

Yirendai Stock Up 7.9%

Shares of YRD stock opened at $1.73 on Wednesday. The company has a 50 day moving average price of $3.44 and a 200-day moving average price of $4.48. Yirendai has a 52 week low of $1.60 and a 52 week high of $7.68. The firm has a market capitalization of $149.23 million, a PE ratio of 57.59 and a beta of 0.85.

Yirendai (NYSE:YRD) last released its quarterly earnings data on Thursday, March 19th. The technology company reported ($1.44) earnings per share for the quarter. Yirendai had a net margin of 0.31% and a return on equity of 0.18%. The company had revenue of $136.87 million for the quarter.

About Yirendai

Yirendai Ltd is a leading fintech credit marketplace in China, offering consumer financing solutions through a digital platform. As a subsidiary of CreditEase, one of the country’s earliest peer-to-peer lending pioneers, Yirendai facilitates connections between individual borrowers and institutional or retail investors. The company’s integrated platform handles borrower screening, credit assessment, risk management and loan servicing to deliver a streamlined, transparent lending experience.

The company provides unsecured personal loans for purposes such as debt consolidation, home improvement and small business investment.