Lufax Holding Ltd. Sponsored ADR (NYSE:LU) Short Interest Down 28.1% in January

Lufax Holding Ltd. Sponsored ADR (NYSE:LU) was the target of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 2,772,453 shares, a decline of 28.1% from the January 15th total of 3,856,017 shares. Based on an average daily volume of 1,092,645 shares, the short-interest ratio is presently 2.5 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 1,092,645 shares, the short-interest ratio is presently 2.5 days.

Lufax Stock Down 2.4%

Shares of LU stock traded down $0.07 during trading hours on Monday, reaching $2.69. 666,347 shares of the company’s stock were exchanged, compared to its average volume of 1,308,864. Lufax has a fifty-two week low of $2.30 and a fifty-two week high of $4.57. The stock has a market capitalization of $2.33 billion, a P/E ratio of -3.50 and a beta of 0.63. The business has a fifty day moving average price of $2.67 and a 200-day moving average price of $2.92.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LU. Vanguard Personalized Indexing Management LLC acquired a new position in Lufax in the second quarter worth about $28,000. May Hill Capital LLC acquired a new stake in shares of Lufax during the second quarter worth approximately $34,000. Scientech Research LLC bought a new position in Lufax in the 3rd quarter valued at $46,000. Hudson Bay Capital Management LP bought a new position in shares of Lufax in the second quarter valued at about $58,000. Finally, Headlands Technologies LLC raised its stake in shares of Lufax by 245.1% in the second quarter. Headlands Technologies LLC now owns 26,928 shares of the company’s stock worth $75,000 after acquiring an additional 19,126 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.

Lufax Company Profile

Lufax (NYSE: LU) is a leading provider of online wealth management and personal finance services in China. Established in 2011 as a spin-off from Ping An Insurance (Group) Company of China, Lufax has developed a digital ecosystem designed to match retail and institutional investors with a diverse array of financial products. The company went public on the New York Stock Exchange in October 2020, underscoring its ambition to expand beyond its domestic market.

The firm’s core business activities include peer-to-peer lending, consumer finance, supply chain and small-business lending, as well as online asset management.