X Financial (NYSE:XYF) Sees Large Decrease in Short Interest

X Financial (NYSE:XYF) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 7,200 shares, a decline of 36.8% from the December 15th total of 11,400 shares. Based on an average trading volume of 31,700 shares, the short-interest ratio is presently 0.2 days.

X Financial Trading Down 2.4 %

Shares of XYF stock opened at $7.05 on Tuesday. X Financial has a 12 month low of $3.48 and a 12 month high of $8.59. The company has a market capitalization of $344.93 million, a P/E ratio of 1.86 and a beta of 0.34. The stock has a 50 day moving average of $7.39 and a two-hundred day moving average of $5.95.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in X Financial stock. Acadian Asset Management LLC lifted its holdings in shares of X Financial (NYSE:XYF) by 23.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 56,278 shares of the company’s stock after acquiring an additional 10,684 shares during the period. Acadian Asset Management LLC owned approximately 0.12% of X Financial worth $237,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 1.15% of the company’s stock.

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.