Yirendai Ltd. (NYSE:YRD – Get Free Report) was the target of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 47,506 shares, a decrease of 25.7% from the January 29th total of 63,943 shares. Based on an average daily trading volume, of 52,702 shares, the short-interest ratio is presently 0.9 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 52,702 shares, the short-interest ratio is presently 0.9 days.
Yirendai Stock Performance
Shares of Yirendai stock traded down $0.12 on Monday, reaching $3.79. 32,152 shares of the company were exchanged, compared to its average volume of 45,115. The firm has a market cap of $327.06 million, a price-to-earnings ratio of 1.90 and a beta of 0.85. Yirendai has a 1-year low of $3.54 and a 1-year high of $8.74. The company’s 50-day moving average is $3.91 and its two-hundred day moving average is $4.93.
Institutional Trading of Yirendai
Several large investors have recently added to or reduced their stakes in YRD. Connor Clark & Lunn Investment Management Ltd. raised 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 in the last quarter. Catalyst Funds Management Pty Ltd lifted its holdings in shares of Yirendai by 13.6% during the second quarter. Catalyst Funds Management Pty Ltd now owns 15,900 shares of the technology company’s stock valued at $93,000 after purchasing an additional 1,900 shares during the last quarter. American Century Companies Inc. increased its stake in Yirendai by 35.7% in the 2nd quarter. American Century Companies Inc. now owns 23,799 shares of the technology company’s stock worth $140,000 after purchasing an additional 6,261 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Yirendai during the third quarter valued at about $337,000. Finally, Raymond James Financial Inc. increased its position in shares of Yirendai by 5,362.0% in the third quarter. Raymond James Financial Inc. now owns 27,310 shares of the technology company’s stock worth $162,000 after acquiring an additional 26,810 shares in the last quarter. 1.99% of the stock is currently 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.
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