Short Interest in Yiren Digital Ltd. (NYSE:YRD) Rises By 18.8%

Yiren Digital Ltd. (NYSE:YRD - Get Free Report) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 210,100 shares, a growth of 18.8% from the March 15th total of 176,800 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 169,300 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its position in shares of Yiren Digital by 43.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 38,528 shares of the technology company's stock valued at $185,000 after purchasing an additional 11,583 shares in the last quarter. Two Sigma Investments LP bought a new stake in Yiren Digital during the fourth quarter worth approximately $61,000. AXA S.A. boosted its holdings in Yiren Digital by 80.7% during the fourth quarter. AXA S.A. now owns 11,562 shares of the technology company's stock worth $55,000 after buying an additional 5,165 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Yiren Digital by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,088,920 shares of the technology company's stock worth $5,225,000 after buying an additional 30,641 shares during the last quarter. Finally, Invesco Ltd. bought a new position in shares of Yiren Digital in the fourth quarter valued at $71,000. Institutional investors own 1.99% of the company's stock.

Yiren Digital Price Performance

Shares of YRD remained flat at $6.58 during trading hours on Friday. The stock had a trading volume of 69,570 shares, compared to its average volume of 145,221. Yiren Digital has a 52 week low of $4.12 and a 52 week high of $9.20. The stock has a fifty day simple moving average of $6.63 and a two-hundred day simple moving average of $5.84. The company has a market cap of $577.26 million, a price-to-earnings ratio of 2.27 and a beta of 0.66.

Yiren Digital (NYSE:YRD - Get Free Report) last released its earnings results on Thursday, March 20th. The technology company reported $0.52 EPS for the quarter. The firm had revenue of $198.95 million for the quarter. Yiren Digital had a net margin of 32.37% and a return on equity of 20.85%.

Yiren Digital Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.22 per share. This is a positive change from Yiren Digital's previous semi-annual dividend of $0.20. This represents a yield of 2.6%. The ex-dividend date is Wednesday, April 30th. Yiren Digital's dividend payout ratio (DPR) is presently 15.94%.

About Yiren Digital

Yiren Digital Ltd. provides financial services through an AI-powered platform in China. Its platform provides a suite of financial and lifestyle services. The company offers financial services, which provides a portfolio of loan products to borrowers; insurance brokerage services; and consumption and lifestyle services, including non-financial products and services to meet various consumer needs.