Lufax Holding Ltd (NYSE:LU) Short Interest Up 19.8% in January

Lufax Holding Ltd (NYSE:LU) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 9,540,000 shares, a growth of 19.8% from the January 15th total of 7,960,000 shares. Based on an average daily trading volume, of 3,180,000 shares, the short-interest ratio is presently 3.0 days. Currently, 1.1% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “hold” rating and issued a $3.20 target price on shares of Lufax in a research report on Thursday, October 24th.

Hedge Funds Weigh In On Lufax

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baillie Gifford & Co. lifted its holdings in shares of Lufax by 0.3% in the fourth quarter. Baillie Gifford & Co. now owns 14,667,069 shares of the company’s stock valued at $35,054,000 after purchasing an additional 49,964 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Lufax by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 7,143,366 shares of the company’s stock worth $17,073,000 after acquiring an additional 70,181 shares in the last quarter. State Street Corp raised its holdings in shares of Lufax by 3.2% in the third quarter. State Street Corp now owns 4,960,609 shares of the company’s stock valued at $17,313,000 after purchasing an additional 155,006 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Lufax by 35.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,205,838 shares of the company’s stock valued at $10,052,000 after purchasing an additional 1,102,943 shares during the last quarter. Finally, Tiger Pacific Capital LP bought a new stake in shares of Lufax in the fourth quarter worth $9,409,000. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Lufax Stock Up 5.3 %

Lufax stock traded up $0.15 on Monday, hitting $2.89. The company’s stock had a trading volume of 5,665,314 shares, compared to its average volume of 3,205,443. The company has a fifty day moving average price of $2.50 and a 200-day moving average price of $2.62. The firm has a market cap of $2.50 billion, a P/E ratio of -3.75 and a beta of 0.84. Lufax has a one year low of $2.00 and a one year high of $4.94.

About Lufax

Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China. The company offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management products, such as asset management plans, mutual fund products, private investment fund products, and trust products.