X Financial Sponsored ADR (NYSE:XYF) Short Interest Up 20.7% in February

X Financial Sponsored ADR (NYSE:XYF) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 140,751 shares, an increase of 20.7% from the January 29th total of 116,569 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 190,926 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 190,926 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets bought a new stake in X Financial during the 3rd quarter worth approximately $105,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of X Financial during the fourth quarter worth $43,000. Russell Investments Group Ltd. raised its holdings in shares of X Financial by 468.4% during the third quarter. Russell Investments Group Ltd. now owns 33,780 shares of the company’s stock worth $457,000 after acquiring an additional 27,837 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of X Financial during the second quarter worth $697,000. Institutional investors and hedge funds own 1.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of X Financial in a report on Monday, December 29th. Wall Street Zen cut X Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

X Financial Price Performance

Shares of NYSE XYF traded up $0.03 during mid-day trading on Thursday, hitting $4.85. The company’s stock had a trading volume of 78,349 shares, compared to its average volume of 193,997. X Financial has a one year low of $4.78 and a one year high of $20.35. The company’s fifty day simple moving average is $5.53 and its 200-day simple moving average is $9.57. The stock has a market cap of $202.63 million, a price-to-earnings ratio of 0.86 and a beta of 0.39.

X Financial Company Profile

X Financial (NYSE:XYF) is a Beijing-based online credit marketplace focused on providing diversified financing solutions to individuals and small- and medium-sized enterprises (SMEs) in China. The company was established in 2014 and completed its initial public offering on the New York Stock Exchange in 2016. Since inception, X Financial has built a technology-driven platform that connects borrowers with a network of institutional investors, banks and other funding sources, aiming to streamline access to credit and improve lending efficiency.

The company’s core offerings include consumer loans, SME loans, real estate-secured financing and wealth management products.