Lufax Holding Ltd (NYSE:LU) Short Interest Down 29.1% in December

Lufax Holding Ltd (NYSE:LU) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 8,200,000 shares, a drop of 29.1% from the December 15th total of 11,570,000 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average trading volume of 2,910,000 shares, the short-interest ratio is presently 2.8 days.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “hold” rating and issued a $3.20 price target on shares of Lufax in a research note on Thursday, October 24th.

Lufax Price Performance

Lufax stock traded up $0.10 during midday trading on Wednesday, reaching $2.43. 2,542,094 shares of the company traded hands, compared to its average volume of 2,237,188. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of -3.16 and a beta of 0.84. The business has a 50 day moving average of $2.46 and a two-hundred day moving average of $2.66. Lufax has a 12 month low of $2.00 and a 12 month high of $4.94.

Lufax (NYSE:LU) last posted its earnings results on Monday, October 21st. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.15). The firm had revenue of $789.93 million during the quarter. Lufax had a negative net margin of 12.75% and a negative return on equity of 3.63%. During the same quarter last year, the company posted $0.04 earnings per share. As a group, equities analysts forecast that Lufax will post -0.48 EPS for the current year.

Institutional Trading of Lufax

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EWA LLC purchased a new stake in shares of Lufax in the 3rd quarter worth $45,000. Soltis Investment Advisors LLC bought a new stake in Lufax during the 3rd quarter worth approximately $52,000. SIH Partners LLLP purchased a new position in Lufax during the second quarter valued at approximately $65,000. SG Americas Securities LLC bought a new position in shares of Lufax in the third quarter worth approximately $66,000. Finally, Quantbot Technologies LP bought a new position in Lufax in the 3rd quarter worth $143,000. 69.14% of the stock is owned by hedge funds and other institutional investors.

About Lufax

Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China. The company offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management products, such as asset management plans, mutual fund products, private investment fund products, and trust products.