Scienjoy Holding Corporation (NASDAQ:SJ) Short Interest Down 81.7% in May

Scienjoy Holding Corporation (NASDAQ:SJ) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 2,285 shares, a decrease of 81.7% from the May 14th total of 12,465 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 101,789 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Scienjoy

A hedge fund recently raised its stake in Scienjoy stock. Citadel Advisors LLC raised its stake in shares of Scienjoy Holding Corporation (NASDAQ:SJ) by 25.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 76,709 shares of the company’s stock after purchasing an additional 15,540 shares during the period. Citadel Advisors LLC owned 0.20% of Scienjoy worth $49,000 at the end of the most recent quarter. 0.32% of the stock is owned by hedge funds and other institutional investors.

Scienjoy Stock Performance

Shares of NASDAQ SJ remained flat at $1.05 during midday trading on Thursday. 83,241 shares of the stock were exchanged, compared to its average volume of 66,520. Scienjoy has a 52 week low of $0.45 and a 52 week high of $1.63. The stock’s fifty day moving average price is $1.18 and its 200 day moving average price is $1.07. The firm has a market cap of $41.51 million, a P/E ratio of -0.54 and a beta of 0.81.

Scienjoy (NASDAQ:SJ) last released its quarterly earnings results on Thursday, May 21st. The company reported $0.03 earnings per share for the quarter. The company had revenue of $40.99 million during the quarter. Scienjoy had a negative net margin of 46.33% and a negative return on equity of 63.91%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Scienjoy from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Scienjoy Company Profile

Scienjoy Limited (NASDAQ: SJ) is a China-based interactive entertainment company that operates online social platforms and develops mobile gaming applications. The company’s core business centers on group video chat services and live-streaming products that facilitate multi-user interactions. Through its proprietary technologies, Scienjoy provides users with themed virtual rooms, interactive features such as filters and animations, and a range of monetization options including virtual gifting and membership subscriptions.

In addition to its social entertainment offerings, Scienjoy develops and publishes casual mobile games across Android and iOS platforms.