Jiayin Group (NASDAQ:JFIN) Sees Unusually-High Trading Volume – What’s Next?

Jiayin Group Inc. (NASDAQ:JFIN) shares saw unusually-high trading volume on Friday . Approximately 118,056 shares traded hands during mid-day trading, an increase of 30% from the previous session’s volume of 90,860 shares.The stock last traded at $11.77 and had previously closed at $9.83.

Jiayin Group Trading Up 19.3 %

The firm’s 50-day moving average is $8.60 and its two-hundred day moving average is $7.16. The stock has a market cap of $629.46 million, a price-to-earnings ratio of 3.90 and a beta of 0.78.

Institutional Trading of Jiayin Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC grew its position in Jiayin Group by 10.3% in the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock worth $123,000 after acquiring an additional 1,799 shares during the period. LPL Financial LLC purchased a new stake in Jiayin Group in the 4th quarter valued at about $174,000. Finally, XTX Topco Ltd acquired a new position in Jiayin Group in the fourth quarter valued at about $109,000. Institutional investors and hedge funds own 44.08% of the company’s stock.

Jiayin Group Company Profile

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.