Jiayin Group Inc. (NASDAQ:JFIN – Get Free Report) 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 – Get Free Report) 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
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.
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