Yiren Digital Ltd. (NYSE:YRD) Sees Large Increase in Short Interest

Yiren Digital Ltd. (NYSE:YRD) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 193,500 shares, an increase of 24.1% from the February 13th total of 155,900 shares. Based on an average daily volume of 128,900 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On Yiren Digital

Institutional investors and hedge funds have recently made changes to their positions in the company. AXA S.A. raised its position in shares of Yiren Digital by 80.7% during the fourth quarter. AXA S.A. now owns 11,562 shares of the technology company’s stock worth $55,000 after acquiring an additional 5,165 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of Yiren Digital during the fourth quarter worth $61,000. Invesco Ltd. bought a new stake in shares of Yiren Digital during the fourth quarter worth $71,000. XTX Topco Ltd raised 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 worth $118,000 after acquiring an additional 5,294 shares during the last quarter. Finally, American Century Companies Inc. bought a new stake in shares of Yiren Digital during the fourth quarter worth $107,000. Institutional investors own 1.99% of the company’s stock.

Yiren Digital Stock Performance

Shares of YRD opened at $8.18 on Wednesday. The stock has a fifty day moving average price of $6.18 and a two-hundred day moving average price of $5.62. Yiren Digital has a 52-week low of $4.12 and a 52-week high of $9.20. The company has a market cap of $717.45 million, a price-to-earnings ratio of 2.84 and a beta of 0.65.

Yiren Digital Company Profile

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.