9F Inc. (NASDAQ:JFU) Sees Significant Drop in Short Interest

9F Inc. (NASDAQ:JFU) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 16,000 shares, a drop of 91.5% from the September 30th total of 188,700 shares. Based on an average daily trading volume, of 72,200 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in 9F stock. Cetera Advisors LLC acquired a new position in shares of 9F Inc. (NASDAQ:JFU) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,200 shares of the company’s stock, valued at approximately $39,000. Cetera Advisors LLC owned 0.10% of 9F as of its most recent SEC filing.

9F Stock Performance

NASDAQ:JFU remained flat at $1.67 on Friday. The company’s stock had a trading volume of 3,021 shares, compared to its average volume of 27,766. The stock’s fifty day moving average price is $1.85 and its 200-day moving average price is $2.25. 9F has a 1 year low of $1.21 and a 1 year high of $4.90.

About 9F

9F Inc, together with its subsidiaries, operates internet securities service platform in the People's Republic of China. The company operates through three segments: Technology Empowerment Services, E-commerce business, and Wealth Management. Its products include digital financial accounts that offer online lending, wealth management, and payment facilitation services; revolving and non-revolving loan products to borrowers, as well as traffic referral services to financial institution partners; and a suite of online wealth management products, such as fixed income products, stocks, insurance, bank wealth management products, and mutual funds to investors in various platforms, including Wukong Licai, 9F Wallet, and 9F Puhui.