FinVolution Group (NYSE:FINV) Short Interest Update

FinVolution Group (NYSE:FINV) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 886,600 shares, a growth of 5.7% from the October 31st total of 838,900 shares. Based on an average daily volume of 703,100 shares, the short-interest ratio is currently 1.3 days. Currently, 0.6% of the company’s stock are sold short.

FinVolution Group Trading Up 1.5 %

Shares of FINV traded up $0.10 on Tuesday, reaching $6.83. 323,449 shares of the company’s stock traded hands, compared to its average volume of 707,240. The stock’s 50 day simple moving average is $6.18 and its two-hundred day simple moving average is $5.47. FinVolution Group has a 52-week low of $4.40 and a 52-week high of $7.24. The stock has a market cap of $1.81 billion, a PE ratio of 5.80 and a beta of 0.48.

Hedge Funds Weigh In On FinVolution Group

Several institutional investors have recently added to or reduced their stakes in the stock. State Street Corp grew its position in FinVolution Group by 8.3% during the third quarter. State Street Corp now owns 3,496,614 shares of the company’s stock valued at $21,609,000 after buying an additional 268,843 shares during the period. Acadian Asset Management LLC boosted its position in FinVolution Group by 12.5% during the second quarter. Acadian Asset Management LLC now owns 2,861,280 shares of the company’s stock worth $13,634,000 after purchasing an additional 317,682 shares during the period. Dimensional Fund Advisors LP boosted its position in FinVolution Group by 16.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,242,306 shares of the company’s stock worth $10,689,000 after purchasing an additional 315,366 shares during the period. American Century Companies Inc. boosted its position in FinVolution Group by 5.9% during the second quarter. American Century Companies Inc. now owns 699,574 shares of the company’s stock worth $3,337,000 after purchasing an additional 39,252 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in FinVolution Group by 51.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 495,788 shares of the company’s stock worth $3,064,000 after purchasing an additional 169,344 shares during the period. Institutional investors own 31.15% of the company’s stock.

FinVolution Group Company Profile

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.