Jiayin Group Inc. (NASDAQ:JFIN) Short Interest Up 24.6% in July

Jiayin Group Inc. (NASDAQ:JFIN) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totalling 17,200 shares, an increase of 24.6% from the June 30th total of 13,800 shares. Based on an average trading volume of 35,000 shares, the short-interest ratio is currently 0.5 days.

Jiayin Group Stock Performance

Shares of JFIN stock remained flat at $5.38 during trading hours on Friday. The stock had a trading volume of 56,309 shares, compared to its average volume of 39,005. Jiayin Group has a 52 week low of $4.45 and a 52 week high of $7.57. The firm has a 50 day moving average of $6.31 and a two-hundred day moving average of $6.26. The company has a market capitalization of $288.85 million, a P/E ratio of 1.61 and a beta of 0.86.

Jiayin Group (NASDAQ:JFIN) last posted its earnings results on Thursday, June 6th. The company reported $0.72 earnings per share for the quarter. Jiayin Group had a return on equity of 58.72% and a net margin of 22.18%. The company had revenue of $204.33 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JFIN. EWA LLC purchased a new stake in shares of Jiayin Group during the fourth quarter valued at approximately $64,000. Fermata Advisors LLC purchased a new position in Jiayin Group in the second quarter worth $78,000. QRG Capital Management Inc. boosted its position in Jiayin Group by 45.5% in the fourth quarter. QRG Capital Management Inc. now owns 16,082 shares of the company’s stock worth $83,000 after purchasing an additional 5,031 shares during the last quarter. Advisors Preferred LLC purchased a new position in Jiayin Group in the first quarter worth $98,000. Finally, Boston Partners purchased a new position in Jiayin Group in the first quarter worth $439,000. Institutional investors own 44.08% of the company’s stock.

Jiayin Group Company Profile

Jiayin Group Inc, together with its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates a fintech platform that facilitates connections between individual borrowers and financial institutions. It also offers referral services for investment products offered by the financial service providers; and technology development and services, as well as guarantee services.