Yirendai Ltd. (NYSE:YRD) Sees Large Decline in Short Interest

Yirendai Ltd. (NYSE:YRD) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 36,807 shares, a decrease of 16.1% from the November 30th total of 43,894 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 62,756 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 62,756 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are sold short.

Yirendai Trading Down 0.5%

Yirendai stock opened at $3.71 on Friday. The firm has a market capitalization of $320.58 million, a P/E ratio of 1.86 and a beta of 0.89. Yirendai has a twelve month low of $3.63 and a twelve month high of $8.74. The stock’s fifty day simple moving average is $4.70 and its 200-day simple moving average is $5.55.

Yirendai (NYSE:YRD) last issued its earnings results on Tuesday, November 25th. The technology company reported $0.51 EPS for the quarter. The firm had revenue of $218.42 million during the quarter. Yirendai had a net margin of 20.19% and a return on equity of 12.66%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Yirendai in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Hedge Funds Weigh In On Yirendai

Large investors have recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new stake in shares of Yirendai in the third quarter valued at about $337,000. Raymond James Financial Inc. lifted its position in Yirendai by 5,362.0% in the third quarter. Raymond James Financial Inc. now owns 27,310 shares of the technology company’s stock valued at $162,000 after purchasing an additional 26,810 shares during the period. Trexquant Investment LP boosted its holdings in Yirendai by 48.8% in the 1st quarter. Trexquant Investment LP now owns 42,619 shares of the technology company’s stock valued at $293,000 after purchasing an additional 13,973 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Yirendai by 3.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 407,125 shares of the technology company’s stock worth $2,390,000 after purchasing an additional 13,138 shares during the period. Finally, American Century Companies Inc. increased its position in Yirendai by 35.7% during the 2nd quarter. American Century Companies Inc. now owns 23,799 shares of the technology company’s stock worth $140,000 after purchasing an additional 6,261 shares during the period. Hedge funds and other institutional investors own 1.99% of the company’s stock.

Yirendai Company Profile

Yirendai Ltd is a leading fintech credit marketplace in China, offering consumer financing solutions through a digital platform. As a subsidiary of CreditEase, one of the country’s earliest peer-to-peer lending pioneers, Yirendai facilitates connections between individual borrowers and institutional or retail investors. The company’s integrated platform handles borrower screening, credit assessment, risk management and loan servicing to deliver a streamlined, transparent lending experience.

The company provides unsecured personal loans for purposes such as debt consolidation, home improvement and small business investment.