Short Interest in X Financial Sponsored ADR (NYSE:XYF) Drops 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 recipient of a significant decline in short interest in August. As of August 15th, there was short interest totaling 172,400 shares, a decline of 19.3% 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.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in XYF. Jump Financial LLC purchased a new position in X Financial during the second quarter worth about $697,000. Hhlr Advisors LTD. purchased a new position in X Financial during the first quarter worth 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 worth $1,534,000 after purchasing an additional 24,395 shares in the last quarter. 1.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of X Financial from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 22nd.

X Financial Price Performance

Shares of NYSE:XYF traded down $0.02 on Friday, reaching $14.19. The company's stock had a trading volume of 119,400 shares, compared to its average volume of 418,606. The stock's 50-day moving average is $15.47 and its two-hundred day moving average is $14.96. X Financial has a 52-week low of $4.63 and a 52-week high of $20.35. The stock has a market capitalization of $592.65 million, a P/E ratio of 2.66 and a beta of 0.30.

X Financial (NYSE:XYF - Get Free Report) last announced 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 business had revenue of $317.32 million during the quarter.

X Financial Increases Dividend

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

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.