Pintec Technology Holdings Ltd. (NASDAQ:PT) Short Interest Update

Pintec Technology Holdings Ltd. (NASDAQ:PT) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 31,614 shares, a drop of 30.8% from the December 15th total of 45,654 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 79,730 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 79,730 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Pintec Technology stock. Virtu Financial LLC bought a new stake in Pintec Technology Holdings Ltd. (NASDAQ:PT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 49,986 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned 0.32% of Pintec Technology at the end of the most recent quarter. 6.57% of the stock is owned by hedge funds and other institutional investors.

Pintec Technology Price Performance

Shares of NASDAQ:PT traded down $0.10 during trading on Monday, hitting $1.12. The company had a trading volume of 131,077 shares, compared to its average volume of 77,486. The company has a fifty day simple moving average of $0.99 and a two-hundred day simple moving average of $0.97. Pintec Technology has a one year low of $0.76 and a one year high of $1.38.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Pintec Technology in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

About Pintec Technology

Pintec Technology Holdings Limited, founded in 2008 and headquartered in Beijing, is a leading fintech company that provides technology-enabled financial solutions to banks, consumer finance companies and other financial institutions in China. Its core business revolves around an origination-as-a-service platform that enables partners to quickly launch and manage digital lending and wealth management products. This platform covers the entire credit lifecycle, including customer acquisition, credit decisioning, risk management and post-loan servicing.

In addition to its fintech platform business, Pintec operates a content-based marketing platform that harnesses big data analytics and AI-driven algorithms to match financial service providers with potential customers through online media, social networks and other digital channels.