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

Yirendai Ltd. (NYSE:YRD - Get Free Report) saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 154,100 shares, a growth of 26.6% from the May 15th total of 121,700 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 153,000 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Two Sigma Investments LP bought a new stake in Yirendai during the 4th quarter worth about $61,000. American Century Companies Inc. bought a new stake in shares of Yirendai during the fourth quarter worth approximately $107,000. Invesco Ltd. bought a new position in Yirendai during the fourth quarter worth about $71,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Yirendai by 33.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 341,877 shares of the technology company's stock valued at $1,641,000 after acquiring an additional 85,414 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Yirendai by 43.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 38,528 shares of the technology company's stock worth $185,000 after acquiring an additional 11,583 shares in the last quarter. Institutional investors own 1.99% of the company's stock.

Yirendai Trading Up 2.7%

Shares of NYSE YRD traded up $0.16 during mid-day trading on Wednesday, reaching $6.08. The company had a trading volume of 98,282 shares, compared to its average volume of 150,329. The company has a 50-day moving average price of $6.31 and a two-hundred day moving average price of $6.04. The stock has a market cap of $525.37 million, a PE ratio of 2.84 and a beta of 0.76. Yirendai has a 1-year low of $4.12 and a 1-year high of $9.20.

Yirendai (NYSE:YRD - Get Free Report) last issued its quarterly earnings data on Thursday, June 12th. The technology company reported $0.39 earnings per share (EPS) for the quarter. Yirendai had a net margin of 22.48% and a return on equity of 14.33%. The firm had revenue of $214.22 million during the quarter.

Yirendai Increases Dividend

The business 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 represents a yield of 2.6%. This is a boost from Yirendai's previous semi-annual dividend of $0.20. The ex-dividend date was Wednesday, April 30th. Yirendai's dividend payout ratio is 18.69%.

Yirendai 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.

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