Yirendai Ltd – (NYSE:YRD) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,012,854 shares, an increase of 39.7% from the August 15th total of 725,199 shares. Based on an average daily volume of 2,050,338 shares, the days-to-cover ratio is currently 0.5 days.

YRD has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Yirendai Ltd – from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Nomura lowered shares of Yirendai Ltd – from a “neutral” rating to a “reduce” rating in a research report on Wednesday, August 10th. Finally, Needham & Company LLC boosted their price objective on shares of Yirendai Ltd – from $14.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th.

Shares of Yirendai Ltd – (NYSE:YRD) opened at 20.71 on Thursday. The company has a 50 day moving average of $25.94 and a 200 day moving average of $16.69. Yirendai Ltd – has a 52-week low of $3.35 and a 52-week high of $42.34. The stock has a market capitalization of $1.21 billion and a price-to-earnings ratio of 13.10.

Yirendai Ltd – (NYSE:YRD) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.10. The firm had revenue of $110.40 million for the quarter, compared to the consensus estimate of $97.01 million. The business’s revenue was up 10.4% compared to the same quarter last year. Analysts predict that Yirendai Ltd – will post $1.69 EPS for the current fiscal year.

About Yirendai Ltd –

Yirendai Ltd. is engaged in online consumer finance marketplace business in China. The Company conducts its business in China, through Yi Ren Heng Ye Technology Development (Beijing) Co, Ltd. (Heng Ye) and its consolidated variable interest entity, Heng Cheng Technology Development (Beijing) Co, Ltd.

5 Day Chart for NYSE:YRD

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