LexinFintech Holdings Ltd. (NASDAQ:LX) Short Interest Down 36.4% in March

LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 731,900 shares, a decrease of 36.4% from the March 15th total of 1,150,000 shares. Based on an average trading volume of 1,050,000 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its position in shares of LexinFintech by 51.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 131,413 shares of the company's stock worth $242,000 after purchasing an additional 44,545 shares during the last quarter. Northern Trust Corp boosted its position in shares of LexinFintech by 78.2% in the 4th quarter. Northern Trust Corp now owns 113,493 shares of the company's stock worth $209,000 after purchasing an additional 49,787 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of LexinFintech by 257.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 25,248 shares of the company's stock worth $46,000 after purchasing an additional 18,189 shares during the last quarter. ABS Direct Equity Fund LLC bought a new position in shares of LexinFintech in the 4th quarter worth $47,000. Finally, Walleye Capital LLC acquired a new stake in LexinFintech during the 3rd quarter worth $973,000.

LexinFintech Trading Down 3.3 %

LX traded down $0.06 during mid-day trading on Friday, reaching $1.76. The stock had a trading volume of 1,047,122 shares, compared to its average volume of 1,016,330. The stock has a market capitalization of $286.40 million, a P/E ratio of 2.05 and a beta of 0.59. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.50 and a current ratio of 1.50. The firm's fifty day simple moving average is $1.82 and its two-hundred day simple moving average is $1.89. LexinFintech has a 52 week low of $1.62 and a 52 week high of $3.01.

LexinFintech (NASDAQ:LX - Get Free Report) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $0.01 EPS for the quarter. The firm had revenue of $494.29 million for the quarter. LexinFintech had a return on equity of 11.24% and a net margin of 8.15%.

LexinFintech Cuts Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 18th will be given a $0.066 dividend. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a dividend yield of 8.7%. LexinFintech's dividend payout ratio is currently 23.26%.

LexinFintech Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.