Yirendai Ltd. (NYSE:YRD) Short Interest Update

Yirendai Ltd. (NYSE:YRD) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 121,226 shares, an increase of 155.2% from the February 12th total of 47,506 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 41,697 shares, the days-to-cover ratio is currently 2.9 days. Based on an average trading volume of 41,697 shares, the days-to-cover ratio is currently 2.9 days. Currently, 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Yirendai

Institutional investors and hedge funds have recently bought and sold shares of the company. Arete Wealth Advisors LLC bought a new stake in shares of Yirendai in the fourth quarter valued at $37,000. Catalyst Funds Management Pty Ltd grew its stake in shares of Yirendai by 13.6% during the 2nd quarter. Catalyst Funds Management Pty Ltd now owns 15,900 shares of the technology company’s stock worth $93,000 after acquiring an additional 1,900 shares during the period. American Century Companies Inc. increased its holdings in Yirendai by 35.7% in the 2nd quarter. American Century Companies Inc. now owns 23,799 shares of the technology company’s stock worth $140,000 after acquiring an additional 6,261 shares during the last quarter. Raymond James Financial Inc. increased its holdings in Yirendai by 5,362.0% in the 3rd quarter. Raymond James Financial Inc. now owns 27,310 shares of the technology company’s stock worth $162,000 after acquiring an additional 26,810 shares during the last quarter. Finally, XTX Topco Ltd raised its stake in Yirendai by 52.8% in the 4th quarter. XTX Topco Ltd now owns 47,898 shares of the technology company’s stock valued at $177,000 after acquiring an additional 16,554 shares during the period. 1.99% of the stock is owned by institutional investors.

Yirendai Price Performance

Shares of Yirendai stock traded down $0.02 on Wednesday, reaching $3.70. 10,215 shares of the company traded hands, compared to its average volume of 53,466. The company has a 50 day moving average of $3.89 and a 200 day moving average of $4.83. Yirendai has a 52 week low of $3.54 and a 52 week high of $8.74. The firm has a market capitalization of $319.70 million, a PE ratio of 1.86 and a beta of 0.85.

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.