Jiayin Group Inc. (NASDAQ:JFIN) Short Interest Update

by · The Cerbat Gem

Jiayin Group Inc. (NASDAQ:JFIN – Get Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 41,000 shares, a growth of 51.3% from the September 30th total of 27,100 shares. Based on an average daily trading volume, of 122,100 shares, the days-to-cover ratio is presently 0.3 days.

Jiayin Group Price Performance

Shares of Jiayin Group stock traded up $0.07 during trading hours on Friday, hitting $6.91. 40,500 shares of the company’s stock traded hands, compared to its average volume of 189,978. Jiayin Group has a 12-month low of $4.00 and a 12-month high of $8.58. The stock has a market capitalization of $370.73 million, a price-to-earnings ratio of 2.22 and a beta of 0.83. The company has a fifty day simple moving average of $6.32 and a 200-day simple moving average of $6.26.

Jiayin Group (NASDAQ:JFIN – Get Free Report) last announced its earnings results on Tuesday, August 27th. The company reported $0.60 earnings per share (EPS) for the quarter. Jiayin Group had a return on equity of 49.78% and a net margin of 20.00%. The firm had revenue of $203.15 million during the quarter.

Jiayin Group Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were paid a $0.50 dividend. This represents a yield of 14.5%. The ex-dividend date of this dividend was Tuesday, August 27th. Jiayin Group’s dividend payout ratio is currently 28.30%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Ariadne Wealth Management LP purchased a new stake in Jiayin Group in the second quarter worth approximately $31,000. Fermata Advisors LLC purchased a new stake in shares of Jiayin Group in the 2nd quarter worth about $78,000. Boston Partners purchased a new stake in shares of Jiayin Group in the 1st quarter worth about $439,000. Finally, Advisors Preferred LLC purchased a new stake in shares of Jiayin Group in the 1st quarter worth about $98,000. Hedge funds and other institutional investors own 44.08% of the company’s stock.

Jiayin Group Company Profile

(Get Free Report)

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.

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