9F Inc. Sponsored ADR (NASDAQ:JFU) Sees Significant Increase in Short Interest

9F Inc. Sponsored ADR (NASDAQ:JFU) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 4,363 shares, an increase of 170.8% from the May 14th total of 1,611 shares. Based on an average daily volume of 5,229 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.1% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered 9F from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

9F Stock Down 1.3%

Shares of JFU stock traded down $0.04 during trading hours on Friday, reaching $2.94. 10,171 shares of the company’s stock were exchanged, compared to its average volume of 8,926. 9F has a fifty-two week low of $1.25 and a fifty-two week high of $9.48. The business has a fifty day moving average price of $3.22 and a 200-day moving average price of $4.56.

9F (NASDAQ:JFU) last issued its quarterly earnings results on Friday, May 1st. The company reported ($0.28) EPS for the quarter. The firm had revenue of $10.10 million during the quarter.

About 9F

9F Inc (NASDAQ: JFU) is a China-based financial technology company that provides a suite of online financial services aimed at individual and institutional investors. Leveraging proprietary risk management and data analytics capabilities, the company primarily engages in asset management, consumer finance, and supply chain finance. Its technology-driven platform enables users to access diversified investment products, manage credit risk, and participate in secondary market trading through an integrated digital interface.

The company’s product offerings include online wealth management solutions, microloans, small- and medium-enterprise (SME) financing, and credit management services.