Short Interest in Jiayin Group Inc. (NASDAQ:JFIN) Declines By 8.2%
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Jiayin Group Inc. experienced a significant decrease in short interest in December, with a total of 66,000 shares, down 8.2% from November. With an average trading volume of 33,500 shares, the days-to-cover ratio is 2.0 days.
The company boasts a market cap of $271.67 million, a P/E ratio of 1.30, and a beta of 0.96. Its stock has a fifty-day moving average of $5.17 and a 200-day moving average of $5.41.
In the third quarter, Jiayin Group reported earnings per share of $0.83 and revenue totaling $200.98 million. The company has a net margin of 29.91% and a return on equity of 88.22%.
Various large investors have either increased or reduced their stakes in Jiayin Group. Citadel Advisors LLC acquired a new stake worth approximately $100,000. Envestnet Asset Management Inc. and Renaissance Technologies LLC also made significant additions to their stakes in the company.
Jiayin Group Inc. provides online consumer finance services in China. The fintech platform connects individual borrowers with financial institutions and also offers various referral services.
Before considering investing in Jiayin Group, check out the top five stocks identified by MarketBeat analysts as better buys than Jiayin Group. The company has a “hold” rating among analysts, so it may not be the best investment option.
Read more: Short Interest in Jiayin Group Inc. (NASDAQ:JFIN) Declines By 8.2%