Yiren Digital Ltd. (NYSE:YRD) Short Interest Down 26.0% in May

Yiren Digital Ltd. (NYSE:YRD - Get Free Report) saw a significant decrease in short interest during 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 presently 0.8 days. Currently, 0.2% of the company's stock are sold short.

Yiren Digital Stock Performance

YRD traded up $0.15 during trading on Wednesday, hitting $6.43. The stock had a trading volume of 37,380 shares, compared to its average volume of 143,742. The stock has a 50 day simple moving average of $6.24 and a two-hundred day simple moving average of $5.92. Yiren Digital has a twelve month low of $4.12 and a twelve month high of $9.20. The company has a market capitalization of $555.59 million, a PE ratio of 2.22 and a beta of 0.77.

Yiren Digital (NYSE:YRD - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The technology company reported $0.52 earnings per share for the quarter. Yiren Digital had a return on equity of 20.85% and a net margin of 32.37%. 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. Stockholders of record on Wednesday, April 30th were paid a dividend of $0.22 per share. This is a positive change from Yiren Digital's previous semi-annual dividend of $0.20. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a dividend yield of 2.6%. Yiren Digital's payout ratio is presently 15.94%.

Hedge Funds Weigh In On Yiren Digital

Several hedge funds and other institutional investors have recently modified their holdings of YRD. AXA S.A. grew its position in Yiren Digital by 80.7% during the 4th quarter. AXA S.A. now owns 11,562 shares of the technology company's stock worth $55,000 after purchasing an additional 5,165 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Yiren Digital by 43.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 38,528 shares of the technology company's stock valued at $185,000 after buying an additional 11,583 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of Yiren Digital in the 4th quarter valued at $61,000. Trexquant Investment LP increased its position in shares of Yiren Digital by 48.8% in the 1st quarter. Trexquant Investment LP now owns 42,619 shares of the technology company's stock valued at $293,000 after acquiring an additional 13,973 shares during the period. Finally, Invesco Ltd. purchased a new position in Yiren Digital in the 4th quarter worth $71,000. 1.99% of the stock is owned by hedge funds and other institutional investors.

Yiren Digital Company Profile

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.