Lufax Holding Ltd (NYSE:LU) Short Interest Down 27.9% in May

Lufax Holding Ltd (NYSE:LU - Get Free Report) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 8,550,000 shares, a decline of 27.9% from the April 30th total of 11,860,000 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average trading volume of 4,030,000 shares, the short-interest ratio is currently 2.1 days.

Lufax Trading Down 0.7%

Shares of NYSE:LU traded down $0.02 during midday trading on Tuesday, hitting $2.87. The stock had a trading volume of 1,568,682 shares, compared to its average volume of 3,665,508. Lufax has a 1 year low of $2.00 and a 1 year high of $4.58. The stock has a 50 day moving average price of $2.80 and a two-hundred day moving average price of $2.70. The company has a market capitalization of $2.49 billion, a PE ratio of -3.73 and a beta of 0.71.

Hedge Funds Weigh In On Lufax

Several institutional investors and hedge funds have recently added to or reduced their stakes in LU. Baillie Gifford & Co. boosted its stake in shares of Lufax by 0.3% in the fourth quarter. Baillie Gifford & Co. now owns 14,667,069 shares of the company's stock valued at $35,054,000 after buying an additional 49,964 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Lufax by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 7,143,366 shares of the company's stock valued at $17,073,000 after acquiring an additional 70,181 shares during the period. Tiger Pacific Capital LP boosted its position in shares of Lufax by 71.7% during the 1st quarter. Tiger Pacific Capital LP now owns 6,757,978 shares of the company's stock worth $20,071,000 after purchasing an additional 2,821,316 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Lufax by 163.4% during the 1st quarter. Acadian Asset Management LLC now owns 5,168,650 shares of the company's stock worth $15,335,000 after purchasing an additional 3,206,645 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Lufax by 19.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,011,130 shares of the company's stock worth $14,883,000 after purchasing an additional 805,292 shares during the period. Institutional investors and hedge funds own 69.14% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft cut Lufax from a "hold" rating to a "sell" rating in a research note on Tuesday, April 29th.

About Lufax

Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China. The company offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management products, such as asset management plans, mutual fund products, private investment fund products, and trust products.