Jiayin Group Inc. (NASDAQ:JFIN) Short Interest Up 24.6% in July

Jiayin Group Inc. (NASDAQ:JFIN) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 17,200 shares, an increase of 24.6% from the June 30th total of 13,800 shares. Based on an average daily trading volume, of 35,000 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Jiayin Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. EWA LLC acquired a new position in shares of Jiayin Group during the 4th quarter worth approximately $64,000. Fermata Advisors LLC acquired a new position in shares of Jiayin Group during the 2nd quarter worth approximately $78,000. QRG Capital Management Inc. increased its position in shares of Jiayin Group by 45.5% during the 4th quarter. QRG Capital Management Inc. now owns 16,082 shares of the company’s stock worth $83,000 after purchasing an additional 5,031 shares during the last quarter. Advisors Preferred LLC acquired a new position in shares of Jiayin Group during the 1st quarter worth approximately $98,000. Finally, Boston Partners acquired a new position in shares of Jiayin Group during the 1st quarter worth approximately $439,000. Institutional investors and hedge funds own 44.08% of the company’s stock.

Jiayin Group Price Performance

Jiayin Group stock remained flat at $5.38 during midday trading on Friday. The company had a trading volume of 56,309 shares, compared to its average volume of 39,005. The company’s fifty day moving average is $6.31 and its two-hundred day moving average is $6.26. Jiayin Group has a 1-year low of $4.45 and a 1-year high of $7.57. The stock has a market capitalization of $288.85 million, a PE ratio of 1.61 and a beta of 0.86.

Jiayin Group (NASDAQ:JFIN) last announced its earnings results on Thursday, June 6th. The company reported $0.72 earnings per share (EPS) for the quarter. Jiayin Group had a return on equity of 58.72% and a net margin of 22.18%. The business had revenue of $204.33 million for the quarter.

About Jiayin Group

Jiayin Group Inc, together with its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates a fintech platform that facilitates connections between individual borrowers and financial institutions. It also offers referral services for investment products offered by the financial service providers; and technology development and services, as well as guarantee services.