X Financial (NYSE:XYF) Sees Significant Increase in Short Interest

X Financial (NYSE:XYF) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 48,500 shares, a growth of 1,210.8% from the February 28th total of 3,700 shares. Based on an average trading volume of 95,800 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are sold short.

X Financial Stock Performance

Shares of NYSE XYF traded up $2.17 during mid-day trading on Wednesday, hitting $15.17. 501,806 shares of the stock traded hands, compared to its average volume of 46,421. The company has a market cap of $741.96 million, a price-to-earnings ratio of 4.00 and a beta of 0.45. The stock has a fifty day moving average price of $9.89 and a 200-day moving average price of $7.91. X Financial has a 52 week low of $3.48 and a 52 week high of $15.49.

X Financial (NYSE:XYF) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.13 earnings per share for the quarter. The company had revenue of $234.09 million for the quarter. X Financial had a return on equity of 20.66% and a net margin of 25.03%.

X Financial Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 20th will be issued a dividend of $0.25 per share. This is a boost from X Financial’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Friday, June 20th. This represents a dividend yield of 2.6%. X Financial’s dividend payout ratio is presently 7.36%.

X Financial Company Profile

X Financial provides personal finance services in the People’s Republic of China. The company offers services as an online marketplace connecting borrowers and investors or institutional funding partners. Its loan products include Xiaoying credit loan, which consists of Xiaoying card loan; and Xiaoying preferred loan to small business owners.