Yiren Digital Ltd. (NYSE:YRD) Short Interest Update

Yiren Digital Ltd. (NYSE:YRD) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 155,900 shares, a growth of 20.1% from the January 31st total of 129,800 shares. Based on an average daily volume of 150,200 shares, the short-interest ratio is currently 1.0 days.

Yiren Digital Stock Performance

YRD stock traded up $0.03 during trading on Friday, reaching $6.97. The company had a trading volume of 59,343 shares, compared to its average volume of 131,706. The firm has a 50-day simple moving average of $5.82 and a 200-day simple moving average of $5.47. Yiren Digital has a twelve month low of $4.12 and a twelve month high of $9.20. The company has a market cap of $611.03 million, a price-to-earnings ratio of 2.40 and a beta of 0.71.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Yiren Digital

A number of large investors have recently made changes to their positions in YRD. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Yiren Digital by 33.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 341,877 shares of the technology company’s stock valued at $1,641,000 after purchasing an additional 85,414 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Yiren Digital by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,088,920 shares of the technology company’s stock worth $5,225,000 after acquiring an additional 30,641 shares during the period. Trexquant Investment LP purchased a new position in Yiren Digital in the fourth quarter worth approximately $138,000. Public Employees Retirement System of Ohio purchased a new position in Yiren Digital in the third quarter worth approximately $153,000. Finally, American Century Companies Inc. purchased a new position in Yiren Digital in the fourth quarter worth approximately $107,000. 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.