Yiren Digital Ltd. (NYSE:YRD - Get Free Report) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 121,700 shares, a decrease of 26.0% from the April 30th total of 164,400 shares. Based on an average trading volume of 150,000 shares, the short-interest ratio is currently 0.8 days. Currently, 0.2% of the shares of the stock are short sold.
Yiren Digital Stock Performance
Shares of Yiren Digital stock traded up $0.59 on Thursday, reaching $6.99. 276,032 shares of the stock were exchanged, compared to its average volume of 145,346. The firm's 50 day moving average is $6.22 and its 200-day moving average is $5.93. Yiren Digital has a one year low of $4.12 and a one year high of $9.20. The firm has a market cap of $604.15 million, a PE ratio of 2.41 and a beta of 0.77.
Yiren Digital (NYSE:YRD - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The technology company reported $0.52 earnings per share (EPS) for the quarter. Yiren Digital had a net margin of 32.37% and a return on equity of 20.85%. The firm had revenue of $198.95 million during the quarter.
Yiren Digital Increases Dividend
The firm also recently declared a semi-annual dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a $0.22 dividend. This is a boost from Yiren Digital's previous semi-annual dividend of $0.20. This represents a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, April 30th. Yiren Digital's dividend payout ratio is 15.94%.
Institutional Investors Weigh In On Yiren Digital
Several large investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Yiren Digital by 33.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 341,877 shares of the technology company's stock valued at $1,641,000 after buying an additional 85,414 shares in the last quarter. XTX Topco Ltd purchased a new position in Yiren Digital during the first quarter valued at approximately $220,000. Dimensional Fund Advisors LP grew its stake in Yiren Digital by 2.9% in the 4th 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 in the last quarter. Trexquant Investment LP bought a new stake in shares of Yiren Digital in the 4th quarter worth approximately $138,000. Finally, American Century Companies Inc. bought a new stake in Yiren Digital during the 4th quarter valued at $107,000. 1.99% of the stock is currently owned by institutional investors and hedge funds.
Yiren Digital Company Profile
(
Get Free Report)
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.
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