X Financial Sponsored ADR (NYSE:XYF) Short Interest Update

Key Points

• Short interest surged 53.5% to 203,606 shares as of April 15 (about 0.8% of shares sold short), producing a short-interest ratio of roughly 1.4 days based on average daily volume.
• Dividend announced: X Financial will pay a $0.2802 dividend to shareholders of record on April 30 (payable May 20); MarketBeat reports an unusually high yield of 1,225.0% and a payout ratio of 5.03%.
• Valuation and sentiment: Shares opened at $4.98 with a market cap of $194.5M and a P/E of 1.04; institutional ownership is low (~1.15%), and Weiss Ratings recently reissued a Hold (C+) rating (consensus: Hold).

X Financial Sponsored ADR (NYSE:XYF - Get Free Report) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totaling 203,606 shares, a growth of 53.5% from the March 31st total of 132,662 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 143,365 shares, the short-interest ratio is currently 1.4 days.

X Financial Trading Down 0.9%

Shares of NYSE:XYF opened at $4.98 on Tuesday. The company has a 50 day moving average of $4.65 and a 200-day moving average of $6.90. The firm has a market cap of $194.51 million, a P/E ratio of 1.04 and a beta of 0.48. X Financial has a twelve month low of $3.30 and a twelve month high of $20.35.

X Financial Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Thursday, April 30th will be given a $0.2802 dividend. This represents a yield of 1,225.0%. The ex-dividend date is Thursday, April 30th. X Financial's dividend payout ratio is 5.03%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "hold (c+)" rating on shares of X Financial in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, X Financial has an average rating of "Hold".

Hedge Funds Weigh In On X Financial

Hedge funds have recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of X Financial in the 4th quarter worth $43,000. BNP Paribas Financial Markets bought a new position in X Financial during the third quarter valued at about $105,000. Russell Investments Group Ltd. grew its holdings in X Financial by 468.4% during the third quarter. Russell Investments Group Ltd. now owns 33,780 shares of the company's stock worth $457,000 after acquiring an additional 27,837 shares during the period. Finally, Jump Financial LLC bought a new stake in X Financial in the second quarter worth about $697,000. 1.15% of the stock is currently owned by institutional investors and hedge funds.

About X Financial

X Financial NYSE: XYF is a Beijing-based online credit marketplace focused on providing diversified financing solutions to individuals and small- and medium-sized enterprises (SMEs) in China. The company was established in 2014 and completed its initial public offering on the New York Stock Exchange in 2016. Since inception, X Financial has built a technology-driven platform that connects borrowers with a network of institutional investors, banks and other funding sources, aiming to streamline access to credit and improve lending efficiency.

The company's core offerings include consumer loans, SME loans, real estate-secured financing and wealth management products.

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