X Financial (NYSE:XYF) Short Interest Update


Financial X (NYSE: XYFGet a rating) benefited from a sharp fall in short-term interest rates in April. As of April 15, there was short interest totaling 52,100 shares, down 32.3% from the March 31 total of 77,000 shares. Based on an average daily volume of 28,700 shares, the short interest ratio is currently 1.8 days.

Major investors have recently increased or reduced their stake in the company. Two Sigma Investments LP bought a new stake in shares of X Financial in Q3 for $190,000. Morgan Stanley increased its stake in shares of X Financial by 10,541.8% in Q3. Morgan Stanley now owns 31,606 shares of the company valued at $131,000 after acquiring 31,309 additional shares in the last quarter. Millennium Management LLC bought a new stake in shares of X Financial in Q3 for $57,000. Marshall Wace LLP bought a new stake in shares of X Financial in Q3 for $123,000. Finally, Renaissance Technologies LLC increased its stake in shares of X Financial by 11.9% in the third quarter. Renaissance Technologies LLC now owns 162,948 shares of the company valued at $676,000 after acquiring an additional 17,322 shares in the last quarter. Institutional investors hold 1.58% of the company’s shares.

NYSE: XYF opened at $2.95 on Friday. The company has a fifty-day moving average of $2.76 and a 200-day moving average of $3.40. The company has a market capitalization of $158.86 million, a P/E ratio of 1.28 and a beta of 0.71. X Financial has a 12-month low of $1.84 and a 12-month high of $17.88.

X Profile of the financial company (Get a rating)

X Financial provides personal finance services in the People’s Republic of China. The company provides services as an online marketplace connecting borrowers and investors. Its loan product is Xiaoying Credit Loan, which consists of Xiaoying Card Loan and revolving loan Xiaoying Credit Loan for credit card holders; and Xiaoying preferred the loan to small business owners.

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