X Financial (NYSE:XYF - Get Free Report) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 127,800 shares, a growth of 163.5% from the March 15th total of 48,500 shares. Currently, 0.4% of the company's shares are sold short. Based on an average daily trading volume, of 177,700 shares, the days-to-cover ratio is presently 0.7 days.
X Financial Stock Up 2.2 %
Shares of XYF traded up $0.25 during trading on Friday, reaching $11.67. 35,514 shares of the company traded hands, compared to its average volume of 69,282. The stock has a 50-day simple moving average of $11.80 and a 200-day simple moving average of $8.90. X Financial has a twelve month low of $3.68 and a twelve month high of $17.70. The stock has a market cap of $570.97 million, a PE ratio of 3.08 and a beta of -0.10.
X Financial (NYSE:XYF - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported $1.13 earnings per share (EPS) for the quarter. X Financial had a return on equity of 20.66% and a net margin of 25.03%. The company had revenue of $234.09 million for the quarter.
X Financial Increases Dividend
The company also recently announced a semi-annual dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 20th will be given a $0.25 dividend. This is an increase from X Financial's previous semi-annual dividend of $0.17. This represents a yield of 2.6%. The ex-dividend date of this dividend is Friday, June 20th. X Financial's payout ratio is currently 7.36%.
About X Financial
(
Get Free Report)
X Financial provides personal finance services in the People's Republic of China. The company offers services as an online marketplace connecting borrowers and investors or institutional funding partners. Its loan products include Xiaoying credit loan, which consists of Xiaoying card loan; and Xiaoying preferred loan to small business owners.
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