Yiren Digital (NYSE:YRD) Sees Strong Trading Volume – What’s Next?

Yiren Digital Ltd. (NYSE:YRD) saw an uptick in trading volume on Tuesday . 144,567 shares were traded during mid-day trading, an increase of 31% from the previous session’s volume of 109,992 shares.The stock last traded at $7.07 and had previously closed at $6.61.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Yiren Digital from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 12th.

Yiren Digital Stock Up 2.6 %

The stock has a 50-day simple moving average of $5.39 and a 200 day simple moving average of $5.31. The company has a market cap of $664.03 million, a PE ratio of 2.61 and a beta of 0.71.

Institutional Trading of Yiren Digital

Several institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd increased its position in shares of Yiren Digital by 34.5% during the third quarter. XTX Topco Ltd now owns 20,657 shares of the technology company’s stock valued at $118,000 after acquiring an additional 5,294 shares during the last quarter. Creative Planning acquired a new stake in Yiren Digital in the 3rd quarter valued at approximately $89,000. Ballentine Partners LLC purchased a new stake in Yiren Digital in the third quarter valued at approximately $78,000. Public Employees Retirement System of Ohio acquired a new position in Yiren Digital during the third quarter worth $153,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Yiren Digital by 44.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 256,463 shares of the technology company’s stock valued at $1,459,000 after buying an additional 78,415 shares in the last quarter. 1.99% of the stock is currently owned by hedge funds and other institutional investors.

About Yiren Digital

Yiren Digital Ltd. provides financial services through an AI-powered platform in China. Its platform provides a suite of financial and lifestyle services. The company offers financial services, which provides a portfolio of loan products to borrowers; insurance brokerage services; and consumption and lifestyle services, including non-financial products and services to meet various consumer needs.