Yiren Digital (NYSE:YRD) Shares Gap Up – Here’s What Happened

Shares of Yiren Digital Ltd. (NYSE:YRD) gapped up prior to trading on Wednesday . The stock had previously closed at $8.07, but opened at $8.30. Yiren Digital shares last traded at $8.21, with a volume of 31,804 shares trading hands.

Yiren Digital Stock Performance

The firm’s 50 day moving average price is $6.18 and its two-hundred day moving average price is $5.62. The firm has a market cap of $736.05 million, a PE ratio of 2.90 and a beta of 0.65.

Institutional Trading of Yiren Digital

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of Yiren Digital by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,088,920 shares of the technology company’s stock valued at $5,225,000 after buying an additional 30,641 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Yiren Digital by 33.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 341,877 shares of the technology company’s stock worth $1,641,000 after purchasing an additional 85,414 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Yiren Digital by 43.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 38,528 shares of the technology company’s stock worth $185,000 after purchasing an additional 11,583 shares during the period. Trexquant Investment LP purchased a new position in shares of Yiren Digital during the 4th quarter worth approximately $138,000. Finally, American Century Companies Inc. purchased a new position in shares of Yiren Digital during the 4th quarter worth approximately $107,000. Hedge funds and other institutional investors own 1.99% of the company’s stock.

Yiren Digital Company Profile

Yiren Digital Ltd. provides financial services through an AI-powered platform in China. Its platform provides a suite of financial and lifestyle services. The company offers financial services, which provides a portfolio of loan products to borrowers; insurance brokerage services; and consumption and lifestyle services, including non-financial products and services to meet various consumer needs.