Yiren Digital (NYSE:YRD) Sees Large Volume Increase – Here’s What Happened

Yiren Digital Ltd. (NYSE:YRD) saw strong trading volume on Monday . 243,146 shares traded hands during trading, an increase of 70% from the previous session’s volume of 142,767 shares.The stock last traded at $8.12 and had previously closed at $7.34.

Yiren Digital Stock Up 1.8 %

The company’s fifty day moving average price is $6.18 and its 200-day moving average price is $5.62. The stock has a market capitalization of $705.78 million, a PE ratio of 2.77 and a beta of 0.65.

Hedge Funds Weigh In On Yiren Digital

Several large investors have recently made changes to their positions in YRD. Public Employees Retirement System of Ohio raised its holdings in Yiren Digital by 43.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 38,528 shares of the technology company’s stock worth $185,000 after acquiring an additional 11,583 shares during the last quarter. Two Sigma Investments LP purchased a new position in Yiren Digital in the 4th quarter worth approximately $61,000. AXA S.A. raised its holdings in Yiren Digital by 80.7% in the 4th quarter. AXA S.A. now owns 11,562 shares of the technology company’s stock worth $55,000 after acquiring an additional 5,165 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in 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 worth $5,225,000 after acquiring an additional 30,641 shares during the last quarter. Finally, Invesco Ltd. purchased a new position in Yiren Digital in the 4th quarter worth approximately $71,000. 1.99% of the stock is currently owned by hedge funds and other institutional investors.

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.