Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN) Shares Shorted: Short Interest Up 186.8% in October

Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN) saw a large growth in short interest in October. As of October 30th, there was short interest totaling 371,245 shares, a growth of 186.8% from the October 15th total of 129,454 shares. Based on an average daily trading volume, of 1,089,178 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.5% of the shares of the stock are short sold.

Jiayin Group Stock Performance

Shares of JFIN opened at $1.39 on Friday. Jiayin Group has a one year low of $1.13 and a one year high of $9.37. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market cap of $72.74 million, a price-to-earnings ratio of 2.19 and a beta of 0.89. The company has a 50-day moving average of $1.43 and a two-hundred day moving average of $3.55.

Jiayin Group (NASDAQ:JFIN) last announced its earnings results on Friday, August 14th. The company reported ($0.52) earnings per share (EPS) for the quarter. The firm had revenue of $108.46 million for the quarter. Jiayin Group had a net margin of 5.39% and a return on equity of 5.02%.

Institutional Investors Weigh In On Jiayin Group

Hedge funds have recently bought and sold shares of the business. Militia Capital Management LLC acquired a new stake in Jiayin Group during the 1st quarter worth about $215,000. Renaissance Technologies LLC grew its stake in Jiayin Group by 10.2% during the 1st quarter. Renaissance Technologies LLC now owns 132,300 shares of the company’s stock valued at $554,000 after acquiring an additional 12,300 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Jiayin Group by 44.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 124,580 shares of the company’s stock valued at $524,000 after purchasing an additional 38,300 shares during the period. Finally, Ramsey Quantitative Systems acquired a new position in shares of Jiayin Group in the 2nd quarter valued at about $118,000. 44.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Jiayin Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 20th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has a consensus rating of “Sell”.

About Jiayin Group

Jiayin Group Inc. (NASDAQ: JFIN) is a China-based financial technology company that operates an online consumer finance platform. The company uses digital technologies, data analysis and risk-management tools to facilitate access to personal loans for individual borrowers, particularly customers who may be underserved by traditional financial institutions. Jiayin’s platform connects borrowers with funding sources, including institutional investors and other financing partners. Its services generally include borrower acquisition, credit assessment, loan matching and facilitation, as well as post-loan servicing and collection support.