9F Inc. (NASDAQ:JFU) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 713,300 shares, a decline of 45.1% from the December 15th total of 1,300,000 shares. Based on an average daily trading volume, of 3,530,000 shares, the days-to-cover ratio is presently 0.2 days.
A hedge fund recently bought a new stake in 9F stock. ExodusPoint Capital Management LP bought a new position in shares of 9F Inc. (NASDAQ:JFU) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 36,027 shares of the company’s stock, valued at approximately $33,000. Institutional investors own 0.01% of the company’s stock.
Shares of 9F stock traded up $0.01 during trading on Thursday, hitting $1.28. 300 shares of the company were exchanged, compared to its average volume of 1,118,150. 9F has a 1-year low of $0.72 and a 1-year high of $10.99. The firm’s fifty day moving average price is $1.22 and its 200 day moving average price is $1.28.
9F Inc, together with its subsidiaries, operates a digital financial account platform that integrates and personalizes financial services in the People's Republic of China. Its products include digital financial accounts that offer online lending, online wealth management, and payment facilitation services; revolving and non-revolving loan products to borrowers, as well as traffic referral services to institutional funding partners; and a suite of online wealth management products, such as fixed income products, stocks, insurance, and mutual funds to investors in various platforms, including Wukong Licai, 9F Wallet, and 9F Puhui.
Further Reading: Resistance Level
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