Yiren Digital Ltd. (NYSE:YRD - Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 252,100 shares, a growth of 32.8% from the March 15th total of 189,800 shares. Based on an average daily trading volume, of 162,200 shares, the short-interest ratio is presently 1.6 days.
Yiren Digital Stock Down 6.2 %
YRD stock traded down $0.32 during trading on Monday, reaching $4.83. The company's stock had a trading volume of 168,341 shares, compared to its average volume of 171,917. Yiren Digital has a 1 year low of $1.94 and a 1 year high of $5.80. The company has a market capitalization of $427.99 million, a P/E ratio of 1.48 and a beta of 0.73. The company's fifty day moving average is $4.98 and its 200-day moving average is $3.75.
Yiren Digital (NYSE:YRD - Get Free Report) last released its quarterly earnings data on Thursday, March 21st. The technology company reported $0.91 EPS for the quarter. Yiren Digital had a net margin of 42.51% and a return on equity of 28.62%. The business had revenue of $179.48 million during the quarter.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in YRD. Citadel Advisors LLC bought a new position in shares of Yiren Digital during the 3rd quarter valued at about $26,000. QRG Capital Management Inc. bought a new position in shares of Yiren Digital in the 3rd quarter valued at about $27,000. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Yiren Digital in the 4th quarter valued at about $38,000. Envestnet Asset Management Inc. lifted its holdings in shares of Yiren Digital by 24.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 31,505 shares of the technology company's stock valued at $43,000 after acquiring an additional 6,098 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Yiren Digital by 238.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 57,425 shares of the technology company's stock valued at $140,000 after acquiring an additional 40,479 shares during the last quarter. Institutional investors own 1.99% of the company's stock.
About Yiren Digital
(
Get Free Report)
Yiren Digital Ltd. operates an AI-powered platform. Its platform provides a suite of financial and lifestyle services in China. The company delivers digital financial services, insurance solutions, as well as consumption and lifestyle services. It supports clients at various growth stages, addressing financing needs arising from consumption and production activities, and augmenting the well-being and security of individuals, families, and businesses.
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