Short Interest in Pintec Technology Holdings Ltd. (NASDAQ:PT) Declines By 23.1%

Pintec Technology Holdings Ltd. (NASDAQ:PT) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 24,302 shares, a decrease of 23.1% from the December 31st total of 31,614 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 88,341 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 88,341 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Pintec Technology in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Trading of Pintec Technology

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 its most recent Form 13F filing with the SEC. The firm bought 49,986 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned 0.32% of Pintec Technology as of its most recent SEC filing. 6.57% of the stock is currently owned by hedge funds and other institutional investors.

Pintec Technology Price Performance

Shares of PT remained flat at $0.91 during trading hours on Friday. 34,892 shares of the stock traded hands, compared to its average volume of 77,486. Pintec Technology has a 52 week low of $0.76 and a 52 week high of $1.38. The stock has a 50 day moving average price of $1.00 and a two-hundred day moving average price of $0.97.

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.