Yirendai Ltd. (NYSE:YRD - Get Free Report) saw a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 154,100 shares, an increase of 26.6% from the May 15th total of 121,700 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 153,000 shares, the days-to-cover ratio is presently 1.0 days.
Yirendai Trading Down 2.8%
NYSE YRD traded down $0.17 during trading hours on Friday, hitting $5.92. 66,775 shares of the company's stock traded hands, compared to its average volume of 150,038. Yirendai has a 52 week low of $4.12 and a 52 week high of $9.20. The firm has a market capitalization of $511.55 million, a P/E ratio of 2.77 and a beta of 0.76. The business's fifty day moving average price is $6.35 and its two-hundred day moving average price is $6.06.
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. The firm had revenue of $214.22 million during the quarter. Yirendai had a net margin of 22.48% and a return on equity of 14.33%.
Hedge Funds Weigh In On Yirendai
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in Yirendai by 2.9% in the fourth 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. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Yirendai by 15.2% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 393,987 shares of the technology company's stock valued at $2,711,000 after acquiring an additional 52,110 shares during the period. Trexquant Investment LP grew its stake in shares of Yirendai by 48.8% during 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. Public Employees Retirement System of Ohio increased its holdings in Yirendai by 43.0% in 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. Finally, XTX Topco Ltd bought a new stake in Yirendai during the 1st quarter worth approximately $220,000. 1.99% of the stock is currently owned by hedge funds and other institutional investors.
About Yirendai
(
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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