9F Inc. (NASDAQ:JFU) Sees Significant Drop in Short Interest

9F Inc. (NASDAQ:JFU) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 16,000 shares, a decrease of 91.5% from the September 30th total of 188,700 shares. Based on an average daily volume of 72,200 shares, the short-interest ratio is currently 0.2 days.

9F Stock Performance

Shares of JFU stock remained flat at $1.67 during trading hours on Friday. 3,021 shares of the stock were exchanged, compared to its average volume of 27,766. The business has a fifty day moving average price of $1.85 and a two-hundred day moving average price of $2.25. 9F has a 12 month low of $1.21 and a 12 month high of $4.90.

Institutional Investors Weigh In On 9F

An institutional investor recently bought a new position in 9F stock. Cetera Advisors LLC acquired a new stake in 9F Inc. (NASDAQ:JFU) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,200 shares of the company’s stock, valued at approximately $39,000. Cetera Advisors LLC owned about 0.10% of 9F at the end of the most recent quarter.

About 9F

9F Inc, together with its subsidiaries, operates internet securities service platform in the People's Republic of China. The company operates through three segments: Technology Empowerment Services, E-commerce business, and Wealth Management. Its products include digital financial accounts that offer online lending, wealth management, and payment facilitation services; revolving and non-revolving loan products to borrowers, as well as traffic referral services to financial institution partners; and a suite of online wealth management products, such as fixed income products, stocks, insurance, bank wealth management products, and mutual funds to investors in various platforms, including Wukong Licai, 9F Wallet, and 9F Puhui.