Jiayin Group (NASDAQ:JFIN) Stock Price Up 5.8% – Here’s What Happened

Shares of Jiayin Group Inc. (NASDAQ:JFIN) rose 5.8% during mid-day trading on Tuesday . The stock traded as high as $9.78 and last traded at $9.84. Approximately 3,735 shares changed hands during trading, a decline of 96% from the average daily volume of 90,581 shares. The stock had previously closed at $9.30.

Jiayin Group Trading Up 5.0 %

The firm has a market cap of $524.02 million, a price-to-earnings ratio of 3.25 and a beta of 0.78. The firm’s 50 day simple moving average is $8.38 and its two-hundred day simple moving average is $7.09.

Institutional Trading of Jiayin Group

A number of institutional investors and hedge funds have recently made changes to their positions in JFIN. LPL Financial LLC acquired a new stake in shares of Jiayin Group in the 4th quarter valued at approximately $174,000. 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 worth $123,000 after acquiring an additional 1,799 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Jiayin Group in the 4th quarter worth approximately $109,000. Institutional investors own 44.08% of the company’s stock.

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.