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

Key Points

• Yirendai Ltd. saw a dramatic 19,360.0% increase in short interest in July, with total short interest reaching 97,300 shares compared to just 500 shares at the end of June.
• The company's stock price fell 4.9% to $5.63, with a market cap of $486.49 million and a PE ratio of 2.63.
• Several institutional investors have recently modified their stakes in Yirendai, with 1.99% of the stock now held by these investors and hedge funds.

Yirendai Ltd. (NYSE:YRD - Get Free Report) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 97,300 shares, anincreaseof19,360.0% from the June 30th total of 500 shares. Based on an average trading volume of 108,400 shares, the short-interest ratio is currently 0.9 days. Based on an average trading volume of 108,400 shares, the short-interest ratio is currently 0.9 days.

Yirendai Trading Up 1.2%

Shares of YRD stock traded up $0.07 during trading on Tuesday, hitting $5.87. The company's stock had a trading volume of 26,724 shares, compared to its average volume of 132,672. The company has a market cap of $506.97 million, a PE ratio of 2.74 and a beta of 0.78. The business has a fifty day moving average of $6.25 and a 200-day moving average of $6.33. Yirendai has a 52 week low of $4.22 and a 52 week high of $9.20.

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

Institutional Trading of Yirendai

Large investors have recently bought and sold shares of the company. Two Sigma Investments LP purchased a new stake in Yirendai in the fourth quarter worth $61,000. American Century Companies Inc. purchased a new stake in Yirendai in the fourth quarter worth $107,000. Invesco Ltd. purchased a new stake in Yirendai in the fourth quarter worth $71,000. Public Employees Retirement System of Ohio increased its position in Yirendai by 43.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 38,528 shares of the technology company's stock worth $185,000 after buying an additional 11,583 shares during the last quarter. Finally, 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 during the last quarter. 1.99% of the stock is owned by hedge funds and other institutional investors.

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.