X Financial (NYSE:XYF) Short Interest Down 17.9% in November

X Financial (NYSE:XYF) saw a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 19,300 shares, a decline of 17.9% from the October 31st total of 23,500 shares. Based on an average daily trading volume, of 36,300 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On X Financial

An institutional investor recently raised its position in X Financial stock. Acadian Asset Management LLC lifted its stake in X Financial (NYSE:XYF) by 23.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,278 shares of the company’s stock after purchasing an additional 10,684 shares during the period. Acadian Asset Management LLC owned 0.12% of X Financial worth $237,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.15% of the company’s stock.

X Financial Trading Up 4.4 %

NYSE XYF traded up $0.32 during trading on Friday, hitting $7.58. The company had a trading volume of 54,789 shares, compared to its average volume of 19,673. The company’s fifty day moving average is $6.58 and its 200-day moving average is $5.13. The company has a market cap of $370.89 million, a price-to-earnings ratio of 2.00 and a beta of 0.31. X Financial has a one year low of $3.48 and a one year high of $8.59.

About X Financial

X Financial provides personal finance services in the People’s Republic of China. The company offers services as an online marketplace connecting borrowers and investors or institutional funding partners. Its loan products include Xiaoying credit loan, which consists of Xiaoying card loan; and Xiaoying preferred loan to small business owners.