Jiayin Group (NASDAQ:JFIN) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Jiayin Group Inc. (NASDAQ:JFIN) saw unusually-strong trading volume on Thursday . Approximately 152,517 shares were traded during trading, an increase of 62% from the previous session’s volume of 94,059 shares.The stock last traded at $13.25 and had previously closed at $13.72.

Jiayin Group Price Performance

The business’s 50-day moving average is $9.27 and its two-hundred day moving average is $7.45. The firm has a market cap of $623.82 million, a P/E ratio of 3.87 and a beta of 0.78.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of JFIN. XTX Topco Ltd bought a new stake in shares of Jiayin Group in the 4th quarter worth $109,000. Renaissance Technologies LLC raised its stake in Jiayin Group by 10.3% in the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock valued at $123,000 after purchasing an additional 1,799 shares in the last quarter. Finally, LPL Financial LLC purchased a new stake in Jiayin Group in the fourth quarter valued at approximately $174,000. Institutional investors and hedge funds 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.