LexinFintech Holdings Ltd. (NASDAQ:LX) Short Interest Down 41.3% in May

LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totalling 3,360,000 shares, a decline of 41.3% from the April 30th total of 5,720,000 shares. Based on an average trading volume of 3,980,000 shares, the days-to-cover ratio is presently 0.8 days. Currently, 2.5% of the company's stock are short sold.

Analyst Ratings Changes

Separately, UBS Group set a $13.60 price objective on LexinFintech and gave the stock a "buy" rating in a research note on Friday, March 21st.

Hedge Funds Weigh In On LexinFintech

A number of large investors have recently added to or reduced their stakes in LX. Vanguard Group Inc. acquired a new position in LexinFintech during the 1st quarter valued at about $44,048,000. BRIGHT VALLEY CAPITAL Ltd purchased a new stake in shares of LexinFintech in the fourth quarter worth about $23,142,000. Alliancebernstein L.P. grew its stake in shares of LexinFintech by 1,862.9% during the 1st quarter. Alliancebernstein L.P. now owns 3,715,319 shares of the company's stock worth $37,488,000 after purchasing an additional 3,526,039 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of LexinFintech by 237.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company's stock worth $21,478,000 after acquiring an additional 2,606,969 shares during the period. Finally, WT Asset Management Ltd acquired a new position in LexinFintech in the 1st quarter worth about $20,483,000.

LexinFintech Price Performance

LX stock traded up $0.35 during midday trading on Wednesday, hitting $7.42. The company's stock had a trading volume of 2,368,223 shares, compared to its average volume of 3,053,044. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 11.78 and a beta of 0.46. LexinFintech has a 12 month low of $1.57 and a 12 month high of $11.64. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The company has a 50 day moving average of $7.91 and a two-hundred day moving average of $7.46.

LexinFintech (NASDAQ:LX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter. The business had revenue of $427.76 million during the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.

LexinFintech Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, May 16th. Shareholders of record on Thursday, April 17th were given a dividend of $0.11 per share. This represents a yield of 1.2%. The ex-dividend date was Thursday, April 17th. This is a boost from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's dividend payout ratio (DPR) is 16.04%.

About LexinFintech

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.