LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) Short Interest Down 16.9% in March

Key Points

• Short interest fell 16.9% in March to 4,414,410 shares (about 3.6% of the float), with a days‑to‑cover ratio of 1.9 based on average daily volume.
• Shares traded at $2.40 midday with a 52‑week range of $2.02–$9.35, a market capitalization of $403.8 million and a low P/E of 1.83.
• Lexin reported quarterly EPS of $0.10 on $434.95 million in revenue, announced a $0.188 dividend payable June 3 (ex‑dividend April 24), and has a consensus Wall Street rating of Hold with a $3.50 target.

LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX - Get Free Report) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 4,414,410 shares, a drop of 16.9% from the March 15th total of 5,310,805 shares. Currently, 3.6% of the shares of the stock are sold short. Based on an average trading volume of 2,343,947 shares, the days-to-cover ratio is currently 1.9 days.

LexinFintech Price Performance

Shares of NASDAQ:LX traded up $0.07 during midday trading on Thursday, reaching $2.40. The company's stock had a trading volume of 2,258,223 shares, compared to its average volume of 1,569,514. LexinFintech has a fifty-two week low of $2.02 and a fifty-two week high of $9.35. The company has a market capitalization of $403.82 million, a P/E ratio of 1.83 and a beta of 0.82. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.89 and a quick ratio of 1.89. The business's fifty day simple moving average is $2.59 and its 200-day simple moving average is $3.39.

LexinFintech (NASDAQ:LX - Get Free Report) last announced its earnings results on Saturday, February 14th. The company reported $0.10 earnings per share for the quarter. LexinFintech had a return on equity of 14.36% and a net margin of 12.72%.The company had revenue of $434.95 million during the quarter.

LexinFintech Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Friday, April 24th will be paid a $0.188 dividend. The ex-dividend date is Friday, April 24th. This represents a dividend yield of 1,589.0%. LexinFintech's dividend payout ratio (DPR) is 23.66%.

Institutional Trading of LexinFintech

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its position in LexinFintech by 65.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,818 shares of the company's stock worth $31,000 after purchasing an additional 2,296 shares during the period. Caitong International Asset Management Co. Ltd increased its position in LexinFintech by 150.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 9,601 shares of the company's stock worth $31,000 after purchasing an additional 5,773 shares during the period. New York State Common Retirement Fund acquired a new stake in LexinFintech in the fourth quarter worth about $59,000. Hudson Bay Capital Management LP acquired a new stake in LexinFintech in the third quarter worth about $60,000. Finally, Tower Research Capital LLC TRC increased its position in LexinFintech by 350.5% in the second quarter. Tower Research Capital LLC TRC now owns 9,969 shares of the company's stock worth $72,000 after purchasing an additional 7,756 shares during the period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "hold (c)" rating on shares of LexinFintech in a research note on Friday, March 27th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $3.50.

About LexinFintech

LexinFintech Holdings Ltd. NASDAQ: LX is a China-based consumer finance and digital banking platform primarily serving young, underbanked consumers. The company's core offering is point-of-sale installment financing, enabling eligible customers to split purchases into fixed monthly payments with transparent fees. Leveraging proprietary data analytics and credit scoring models, LexinFintech underwrites consumer loans for online purchases and provides credit lines that support a variety of retail and e-commerce transactions.

In addition to its flagship installment loan service, LexinFintech has developed wealth management and fintech-as-a-service products.

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