Jiayin Group Inc. (NASDAQ:JFIN) Short Interest Up 51.3% in October

Jiayin Group Inc. (NASDAQ:JFIN) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 41,000 shares, a growth of 51.3% from the September 30th total of 27,100 shares. Based on an average daily trading volume, of 122,100 shares, the days-to-cover ratio is presently 0.3 days.

Jiayin Group Trading Down 3.5 %

Shares of Jiayin Group stock opened at $6.66 on Tuesday. The company has a fifty day simple moving average of $6.33 and a 200-day simple moving average of $6.26. Jiayin Group has a 12-month low of $4.00 and a 12-month high of $8.58. The stock has a market cap of $357.58 million, a price-to-earnings ratio of 2.14 and a beta of 0.83.

Jiayin Group (NASDAQ:JFIN) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $0.60 earnings per share (EPS) for the quarter. Jiayin Group had a return on equity of 49.78% and a net margin of 20.00%. The company had revenue of $203.15 million for the quarter.

Jiayin Group Announces Dividend

The company also recently declared a — dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were given a dividend of $0.50 per share. This represents a yield of 14.5%. The ex-dividend date of this dividend was Tuesday, August 27th. Jiayin Group’s dividend payout ratio (DPR) is 28.30%.

Institutional Investors Weigh In On Jiayin Group

Several large investors have recently modified their holdings of JFIN. Ariadne Wealth Management LP acquired a new position in shares of Jiayin Group in the 2nd quarter valued at $31,000. Fermata Advisors LLC acquired a new position in Jiayin Group in the second quarter valued at $78,000. Advisors Preferred LLC purchased a new stake in shares of Jiayin Group in the first quarter valued at about $98,000. Finally, Boston Partners purchased a new stake in shares of Jiayin Group in the first quarter valued at about $439,000. 44.08% of the stock is owned by institutional investors and hedge funds.

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.