FinVolution Group (NYSE:FINV) Short Interest Update

FinVolution Group (NYSE:FINV) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,720,000 shares, a growth of 22.9% from the November 30th total of 1,400,000 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 786,800 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Investors Weigh In On FinVolution Group

Hedge funds have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in FinVolution Group in the third quarter valued at about $58,000. SYM FINANCIAL Corp bought a new stake in shares of FinVolution Group in the 2nd quarter valued at about $54,000. Quadrature Capital Ltd acquired a new stake in shares of FinVolution Group in the 3rd quarter valued at approximately $94,000. Blue Trust Inc. raised its position in shares of FinVolution Group by 246.8% in the 3rd quarter. Blue Trust Inc. now owns 15,754 shares of the company’s stock valued at $97,000 after acquiring an additional 11,211 shares during the period. Finally, Ascent Group LLC bought a new position in FinVolution Group during the 3rd quarter worth approximately $103,000. Institutional investors own 31.15% of the company’s stock.

FinVolution Group Trading Up 0.3 %

FINV stock traded up $0.02 during midday trading on Tuesday, hitting $6.82. The stock had a trading volume of 275,962 shares, compared to its average volume of 701,971. FinVolution Group has a 52 week low of $4.45 and a 52 week high of $7.29. The stock has a 50-day simple moving average of $6.46 and a 200 day simple moving average of $5.77. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 5.88 and a beta of 0.48.

About FinVolution Group

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.