Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN) Sees Large Drop in Short Interest

Key Points

• Jiayin Group Inc. experienced a significant drop in short interest of 45.6% in September, bringing total short interest to 119,200 shares.
• Institutional investors have increased their holdings, with notable purchases including $100,000 by E Fund Management and a remarkable 14,985.7% increase in stake by Allworth Financial LP.
• Jiayin Group recently reported $1.36 earnings per share with a revenue of $263.30 million, boasting a net margin of 24.60%.

Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN - Get Free Report) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 119,200 shares, a decline of 45.6% from the August 31st total of 219,000 shares. Based on an average daily volume of 110,000 shares, the short-interest ratio is currently 1.1 days. Based on an average daily volume of 110,000 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of Jiayin Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of Jiayin Group during the second quarter worth about $63,000. Allworth Financial LP increased its stake in shares of Jiayin Group by 14,985.7% during the second quarter. Allworth Financial LP now owns 4,224 shares of the company's stock worth $68,000 after purchasing an additional 4,196 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Jiayin Group during the second quarter worth about $100,000. Invesco Ltd. purchased a new stake in shares of Jiayin Group during the first quarter worth about $168,000. Finally, Jump Financial LLC purchased a new stake in shares of Jiayin Group during the first quarter worth about $169,000. Hedge funds and other institutional investors own 44.08% of the company's stock.

Jiayin Group Trading Down 0.1%

Shares of Jiayin Group stock traded down $0.01 during trading hours on Friday, reaching $11.38. The stock had a trading volume of 47,406 shares, compared to its average volume of 113,317. The stock's 50 day moving average is $12.21 and its 200 day moving average is $13.48. The firm has a market capitalization of $607.35 million, a PE ratio of 2.71 and a beta of 0.87. Jiayin Group has a twelve month low of $5.18 and a twelve month high of $19.23.

Jiayin Group (NASDAQ:JFIN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The company reported $1.36 earnings per share for the quarter. The business had revenue of $263.30 million during the quarter. Jiayin Group had a net margin of 24.60% and a return on equity of 47.37%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Jiayin Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 6th. Weiss Ratings restated a "buy (b-)" rating on shares of Jiayin Group in a research report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy".

About Jiayin Group

Jiayin Group Inc, together with its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates a fintech platform that facilitates connections between individual borrowers and financial institutions. It also offers referral services for investment products offered by the financial service providers; and technology development and services, as well as guarantee services.

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