Jiayin Group Inc. (NASDAQ:JFIN) Short Interest Down 36.0% in February

Jiayin Group Inc. (NASDAQ:JFIN) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 53,100 shares, a drop of 36.0% from the February 13th total of 83,000 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 135,500 shares, the short-interest ratio is presently 0.4 days.

Jiayin Group Trading Up 20.2 %

NASDAQ JFIN traded up $1.99 during trading hours on Friday, hitting $11.82. 330,531 shares of the company’s stock were exchanged, compared to its average volume of 91,669. The firm has a market cap of $634.56 million, a price-to-earnings ratio of 3.94 and a beta of 0.78. The stock has a 50-day simple moving average of $8.70 and a 200 day simple moving average of $7.21. Jiayin Group has a 1-year low of $4.00 and a 1-year high of $12.00.

Institutional Trading of Jiayin Group

Several large investors have recently made changes to their positions in JFIN. XTX Topco Ltd bought a new stake in shares of Jiayin Group during the fourth quarter valued at approximately $109,000. Renaissance Technologies LLC lifted its stake in shares of Jiayin Group by 10.3% in the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock valued at $123,000 after buying an additional 1,799 shares in the last quarter. Finally, LPL Financial LLC bought a new stake in shares of Jiayin Group during the fourth quarter worth about $174,000. 44.08% of the stock is currently owned by institutional investors and hedge funds.

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.