X Financial (NYSE:XYF) Sees Significant Drop in Short Interest

X Financial (NYSE:XYF) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totalling 7,200 shares, a drop of 36.8% from the December 31st total of 11,400 shares. Based on an average trading volume of 31,700 shares, the short-interest ratio is currently 0.2 days.

X Financial Stock Performance

Shares of X Financial stock traded up $0.06 on Wednesday, reaching $7.96. 15,444 shares of the company’s stock were exchanged, compared to its average volume of 27,270. The company has a market capitalization of $389.48 million, a P/E ratio of 2.10 and a beta of 0.34. X Financial has a 52 week low of $3.48 and a 52 week high of $8.59. The firm’s 50-day moving average is $7.66 and its two-hundred day moving average is $6.23.

X Financial (NYSE:XYF) last issued its earnings results on Tuesday, November 26th. The company reported $1.24 earnings per share (EPS) for the quarter. X Financial had a net margin of 25.03% and a return on equity of 20.66%.

About X Financial

X Financial provides personal finance services in the People’s Republic of China. The company offers services as an online marketplace connecting borrowers and investors or institutional funding partners. Its loan products include Xiaoying credit loan, which consists of Xiaoying card loan; and Xiaoying preferred loan to small business owners.