Yirendai Ltd. (NYSE:YRD) Sees Large Decline in Short Interest

Key Points

• Short interest fell 15.4% in March to 102,529 shares (about 0.2% of the company's stock) with a short‑interest ratio of 3.3 days.
• The company reported ($1.44) EPS on $136.87 million of revenue for the quarter, with a net margin of 0.31% and return on equity of 0.18%, indicating weak profitability.
• Shares opened at $1.63 (down 3.3%) and are trading near their 12‑month low of $1.60; market cap is about $140.4 million and the stock sits well below its 50‑ and 200‑day SMAs ($3.49 and $4.51).

Yirendai Ltd. (NYSE:YRD - Get Free Report) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 102,529 shares, a decrease of 15.4% from the February 26th total of 121,226 shares. Approximately 0.2% of the company's stock are sold short. Based on an average daily volume of 31,036 shares, the short-interest ratio is currently 3.3 days.

Yirendai Trading Down 3.3%

YRD opened at $1.63 on Tuesday. The company has a market cap of $140.42 million, a price-to-earnings ratio of 54.18 and a beta of 0.85. The stock has a fifty day simple moving average of $3.49 and a two-hundred day simple moving average of $4.51. Yirendai has a 12-month low of $1.60 and a 12-month high of $7.68.

Yirendai (NYSE:YRD - Get Free Report) last announced its earnings results on Thursday, March 19th. The technology company reported ($1.44) EPS for the quarter. The business had revenue of $136.87 million for the quarter. Yirendai had a net margin of 0.31% and a return on equity of 0.18%.

Institutional Investors Weigh In On Yirendai

A number of hedge funds and other institutional investors have recently bought and sold shares of YRD. Public Employees Retirement System of Ohio increased its stake in shares of Yirendai by 6.3% during the third quarter. Public Employees Retirement System of Ohio now owns 49,229 shares of the technology company's stock valued at $292,000 after purchasing an additional 2,933 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Yirendai by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,083,471 shares of the technology company's stock valued at $4,010,000 after purchasing an additional 4,123 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Yirendai by 35.7% in the 2nd quarter. American Century Companies Inc. now owns 23,799 shares of the technology company's stock worth $140,000 after purchasing an additional 6,261 shares in the last quarter. Trexquant Investment LP grew its stake in shares of Yirendai by 12.2% in the 4th quarter. Trexquant Investment LP now owns 81,138 shares of the technology company's stock worth $300,000 after buying an additional 8,838 shares during the last quarter. Finally, Arete Wealth Advisors LLC purchased a new stake in shares of Yirendai in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 1.99% of the company's stock.

About Yirendai

Yirendai Ltd is a leading fintech credit marketplace in China, offering consumer financing solutions through a digital platform. As a subsidiary of CreditEase, one of the country’s earliest peer-to-peer lending pioneers, Yirendai facilitates connections between individual borrowers and institutional or retail investors. The company’s integrated platform handles borrower screening, credit assessment, risk management and loan servicing to deliver a streamlined, transparent lending experience.

The company provides unsecured personal loans for purposes such as debt consolidation, home improvement and small business investment.

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