X Financial (NYSE:XYF) Short Interest Up 48.9% in August

X Financial (NYSE:XYF) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 6,700 shares, an increase of 48.9% from the August 15th total of 4,500 shares. Based on an average daily volume of 12,700 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On X Financial

A hedge fund recently raised its stake in X Financial stock. Acadian Asset Management LLC lifted its stake in X Financial (NYSE:XYF) by 19.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,594 shares of the company’s stock after purchasing an additional 7,552 shares during the quarter. Acadian Asset Management LLC owned 0.10% of X Financial worth $172,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 1.15% of the stock is owned by hedge funds and other institutional investors.

X Financial Stock Up 4.9 %

Shares of NYSE:XYF traded up $0.23 during midday trading on Monday, reaching $4.95. 21,408 shares of the company were exchanged, compared to its average volume of 16,384. X Financial has a fifty-two week low of $3.41 and a fifty-two week high of $4.95. The stock has a fifty day simple moving average of $4.48 and a two-hundred day simple moving average of $4.21. The firm has a market cap of $242.20 million, a PE ratio of 1.39 and a beta of 0.27.

X Financial (NYSE:XYF) last announced its quarterly earnings data on Wednesday, August 21st. The company reported $1.00 earnings per share (EPS) for the quarter. The firm had revenue of $188.88 million for the quarter. X Financial had a net margin of 25.38% and a return on equity of 20.63%.

X Financial Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, September 27th. Shareholders of record on Wednesday, September 4th will be given a $0.17 dividend. The ex-dividend date is Wednesday, September 4th. This represents a yield of 7%. X Financial’s dividend payout ratio is currently 9.04%.

X Financial Company Profile

X Financial provides personal finance services in the People’s Republic of China. The company offers services as an online marketplace connecting borrowers and investors or institutional funding partners. Its loan products include Xiaoying credit loan, which consists of Xiaoying card loan; and Xiaoying preferred loan to small business owners.