Short Interest in X Financial Sponsored ADR (NYSE:XYF) Decreases By 19.3%

Key Points

• The short interest in X Financial Sponsored ADR (NYSE:XYF) decreased by 19.3% in August, down to 172,400 shares from 213,600 shares at the end of July.
• X Financial recently announced a semi-annual dividend increase to $0.28 per share, up from $0.25, with a remarkable yield of 330.0%.
• Institutional investors are showing interest, with notable stakes purchased by firms such as Jump Financial LLC and Hhlr Advisors LTD. during the second quarter.

X Financial Sponsored ADR (NYSE:XYF - Get Free Report) was the target of a large drop in short interest during the month of August. As of August 15th, there was short interest totaling 172,400 shares, adropof19.3% from the July 31st total of 213,600 shares. Based on an average daily volume of 429,200 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 429,200 shares, the short-interest ratio is presently 0.4 days.

X Financial Price Performance

NYSE XYF opened at $13.73 on Tuesday. The stock has a market capitalization of $573.43 million, a price-to-earnings ratio of 2.57 and a beta of 0.30. The business's fifty day moving average price is $15.86 and its 200-day moving average price is $14.86. X Financial has a 1-year low of $4.51 and a 1-year high of $20.35.

X Financial (NYSE:XYF - Get Free Report) last released its earnings results on Monday, August 18th. The company reported $1.85 EPS for the quarter. X Financial had a net margin of 23.30% and a return on equity of 25.42%. The company had revenue of $317.32 million for the quarter.

X Financial Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be issued a dividend of $0.28 per share. This is a boost from X Financial's previous semi-annual dividend of $0.25. This represents a yield of 330.0%. The ex-dividend date of this dividend is Friday, September 26th. X Financial's payout ratio is 8.99%.

Institutional Investors Weigh In On X Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Jump Financial LLC bought a new stake in X Financial during the second quarter valued at about $697,000. Hhlr Advisors LTD. bought a new stake in X Financial during the first quarter valued at about $720,000. Finally, Acadian Asset Management LLC raised its holdings in X Financial by 29.4% during the first quarter. Acadian Asset Management LLC now owns 107,272 shares of the company's stock valued at $1,534,000 after acquiring an additional 24,395 shares during the period. 1.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut X Financial from a "strong-buy" rating to a "buy" rating in a report on Friday, August 22nd.

About X Financial

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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