Short Interest in X Financial (NYSE:XYF) Increases By 1,210.8%

X Financial (NYSE:XYF) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 48,500 shares, a growth of 1,210.8% from the February 28th total of 3,700 shares. Based on an average daily volume of 95,800 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

X Financial Price Performance

Shares of NYSE:XYF opened at $16.25 on Friday. The company has a market cap of $794.80 million, a price-to-earnings ratio of 4.29 and a beta of 0.45. X Financial has a one year low of $3.48 and a one year high of $17.70. The firm has a fifty day moving average price of $10.07 and a two-hundred day moving average price of $7.96.

X Financial (NYSE:XYF) last posted its earnings results on Wednesday, March 19th. The company reported $1.13 EPS for the quarter. X Financial had a return on equity of 20.66% and a net margin of 25.03%. The business had revenue of $234.09 million during the quarter.

X Financial Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 20th will be paid a $0.25 dividend. This represents a yield of 2.6%. The ex-dividend date is Friday, June 20th. This is a boost from X Financial’s previous semi-annual dividend of $0.17. X Financial’s payout ratio is currently 7.36%.

About X Financial

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.