Short Interest in Yirendai Ltd. (NYSE:YRD) Rises By 54.4%

Yirendai Ltd. (NYSE:YRD) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 63,943 shares, an increase of 54.4% from the January 15th total of 41,414 shares. Based on an average daily volume of 62,038 shares, the short-interest ratio is presently 1.0 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 62,038 shares, the short-interest ratio is presently 1.0 days.

Yirendai Stock Performance

Shares of NYSE YRD traded down $0.02 during mid-day trading on Friday, reaching $3.64. The company had a trading volume of 15,495 shares, compared to its average volume of 56,593. Yirendai has a 12-month low of $3.60 and a 12-month high of $8.74. The company has a market capitalization of $314.10 million, a price-to-earnings ratio of 1.83 and a beta of 0.90. The stock has a fifty day moving average of $4.04 and a two-hundred day moving average of $5.10.

Yirendai (NYSE:YRD) last announced its quarterly earnings results on Tuesday, November 25th. The technology company reported $0.51 EPS for the quarter. The business had revenue of $218.42 million during the quarter. Yirendai had a return on equity of 12.66% and a net margin of 20.19%.

Institutional Investors Weigh In On Yirendai

A number of institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in Yirendai by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,083,471 shares of the technology company’s stock valued at $4,010,000 after purchasing an additional 4,123 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Yirendai by 3.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 407,125 shares of the technology company’s stock worth $2,390,000 after purchasing an additional 13,138 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Yirendai during the third quarter worth approximately $337,000. Public Employees Retirement System of Ohio grew its position in Yirendai by 6.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 49,229 shares of the technology company’s stock worth $292,000 after acquiring an additional 2,933 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of Yirendai by 5,362.0% during the third quarter. Raymond James Financial Inc. now owns 27,310 shares of the technology company’s stock worth $162,000 after purchasing an additional 26,810 shares during the last quarter. 1.99% of the stock is owned by institutional investors and hedge funds.

Yirendai Company Profile

Yirendai Ltd is a leading fintech credit marketplace in China, offering consumer financing solutions through a digital platform. As a subsidiary of CreditEase, one of the country’s earliest peer-to-peer lending pioneers, Yirendai facilitates connections between individual borrowers and institutional or retail investors. The company’s integrated platform handles borrower screening, credit assessment, risk management and loan servicing to deliver a streamlined, transparent lending experience.

The company provides unsecured personal loans for purposes such as debt consolidation, home improvement and small business investment.