Short Interest in X Financial (NYSE:XYF) Declines By 17.9%

X Financial (NYSE:XYF) was the target of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 19,300 shares, a decline of 17.9% from the October 31st total of 23,500 shares. Based on an average daily trading volume, of 36,300 shares, the days-to-cover ratio is currently 0.5 days.

X Financial Stock Performance

Shares of NYSE XYF opened at $7.58 on Monday. The business has a 50 day simple moving average of $6.58 and a 200 day simple moving average of $5.15. X Financial has a 52 week low of $3.48 and a 52 week high of $8.59. The stock has a market cap of $370.89 million, a price-to-earnings ratio of 2.00 and a beta of 0.35.

Institutional Trading of X Financial

A hedge fund recently raised its stake in X Financial stock. Acadian Asset Management LLC boosted its holdings in shares of X Financial (NYSE:XYF) by 23.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,278 shares of the company’s stock after buying an additional 10,684 shares during the quarter. Acadian Asset Management LLC owned about 0.12% of X Financial worth $237,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 1.15% of the company’s stock.

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.