Short Interest in Jiayin Group Inc. (NASDAQ:JFIN) Grows By 129.9%

Jiayin Group Inc. (NASDAQ:JFIN) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 83,000 shares, a growth of 129.9% from the January 31st total of 36,100 shares. Based on an average daily trading volume, of 114,800 shares, the short-interest ratio is presently 0.7 days.

Jiayin Group Price Performance

Jiayin Group stock traded down $0.05 during midday trading on Friday, reaching $9.76. The company’s stock had a trading volume of 70,055 shares, compared to its average volume of 104,353. Jiayin Group has a 52-week low of $4.00 and a 52-week high of $10.56. The stock has a market capitalization of $523.97 million, a P/E ratio of 3.25 and a beta of 0.89. The stock’s 50-day simple moving average is $8.05 and its 200-day simple moving average is $6.95.

Institutional Investors Weigh In On Jiayin Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. LPL Financial LLC purchased a new position in Jiayin Group in the 4th quarter worth $174,000. XTX Topco Ltd purchased a new position in shares of Jiayin Group in the fourth quarter worth about $109,000. Finally, Renaissance Technologies LLC raised its stake in shares of Jiayin Group by 10.3% in the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock worth $123,000 after purchasing an additional 1,799 shares during the last quarter. 44.08% of the stock is currently owned by institutional investors and hedge funds.

About Jiayin Group

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.