LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) Short Interest Update

LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) was the recipient of a significant decline in short interest in January. As of January 30th, there was short interest totaling 5,840,274 shares, a decline of 14.1% from the January 15th total of 6,797,516 shares. Based on an average daily trading volume, of 1,513,128 shares, the days-to-cover ratio is presently 3.9 days. Approximately 4.8% of the shares of the stock are short sold. Approximately 4.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,513,128 shares, the days-to-cover ratio is presently 3.9 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of LexinFintech by 65.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,818 shares of the company’s stock valued at $31,000 after acquiring an additional 2,296 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in LexinFintech by 150.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 9,601 shares of the company’s stock valued at $31,000 after purchasing an additional 5,773 shares in the last quarter. New York State Common Retirement Fund acquired a new position in LexinFintech in the 4th quarter worth about $59,000. Hudson Bay Capital Management LP acquired a new position in LexinFintech in the 3rd quarter worth about $60,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of LexinFintech by 350.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,969 shares of the company’s stock worth $72,000 after purchasing an additional 7,756 shares in the last quarter.

LexinFintech Price Performance

NASDAQ:LX traded up $0.24 during mid-day trading on Tuesday, reaching $3.00. 1,971,521 shares of the stock were exchanged, compared to its average volume of 1,636,656. LexinFintech has a 1-year low of $2.62 and a 1-year high of $11.64. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $504.78 million, a PE ratio of 2.11 and a beta of 0.74. The business has a fifty day moving average price of $3.08 and a 200 day moving average price of $4.45.

Analyst Upgrades and Downgrades

A number of research firms have commented on LX. Weiss Ratings reissued a “hold (c)” rating on shares of LexinFintech in a report on Monday, December 29th. UBS Group cut shares of LexinFintech from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $13.60 to $3.50 in a research note on Thursday, December 4th. Finally, Wall Street Zen downgraded shares of LexinFintech from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $3.50.

About LexinFintech

LexinFintech Holdings Ltd. (NASDAQ: LX) is a China-based consumer finance and digital banking platform primarily serving young, underbanked consumers. The company’s core offering is point-of-sale installment financing, enabling eligible customers to split purchases into fixed monthly payments with transparent fees. Leveraging proprietary data analytics and credit scoring models, LexinFintech underwrites consumer loans for online purchases and provides credit lines that support a variety of retail and e-commerce transactions.

In addition to its flagship installment loan service, LexinFintech has developed wealth management and fintech-as-a-service products.