Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Short Interest Down 36.8% in March

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 2,271,689 shares, a drop of 36.8% from the February 26th total of 3,594,662 shares. Currently, 1.9% of the shares of the company are sold short. Based on an average daily volume of 1,247,709 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Investors Weigh In On Qfin

Several large investors have recently modified their holdings of QFIN. Caitong International Asset Management Co. Ltd lifted its position in shares of Qfin by 813.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,669 shares of the company’s stock worth $90,000 after buying an additional 4,158 shares during the period. Empowered Funds LLC bought a new position in shares of Qfin during the fourth quarter valued at $202,000. XTX Topco Ltd grew its holdings in shares of Qfin by 123.8% in the 4th quarter. XTX Topco Ltd now owns 37,511 shares of the company’s stock worth $723,000 after purchasing an additional 20,747 shares during the last quarter. Voloridge Investment Management LLC increased its position in shares of Qfin by 124.1% during the 4th quarter. Voloridge Investment Management LLC now owns 1,163,392 shares of the company’s stock worth $22,419,000 after purchasing an additional 644,171 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in Qfin during the 4th quarter valued at about $466,000. 74.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

QFIN has been the subject of several research analyst reports. Jefferies Financial Group cut their price objective on Qfin from $30.30 to $23.40 and set a “buy” rating for the company in a research report on Wednesday, March 18th. Zacks Research cut Qfin from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Qfin in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Qfin currently has an average rating of “Hold” and an average target price of $22.20.

Qfin Stock Performance

Qfin stock traded down $0.09 during trading hours on Friday, hitting $12.77. The stock had a trading volume of 1,176,291 shares, compared to its average volume of 2,116,891. The company has a 50-day moving average of $14.97 and a two-hundred day moving average of $20.26. The company has a quick ratio of 2.94, a current ratio of 2.43 and a debt-to-equity ratio of 0.07. Qfin has a fifty-two week low of $12.60 and a fifty-two week high of $47.66. The company has a market cap of $1.81 billion, a PE ratio of 2.07, a price-to-earnings-growth ratio of 0.21 and a beta of 0.49.

Qfin (NASDAQ:QFIN) last announced its quarterly earnings data on Saturday, February 14th. The company reported $0.59 earnings per share for the quarter. The company had revenue of $584.98 million for the quarter. Qfin had a return on equity of 24.97% and a net margin of 31.13%. On average, equities research analysts anticipate that Qfin will post 5.71 EPS for the current fiscal year.

Qfin Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, May 14th. Investors of record on Wednesday, April 22nd will be paid a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a yield of 1,143.0%. Qfin’s payout ratio is presently 24.35%.

Qfin Company Profile

360 DigiTech, Inc (NASDAQ: QFIN) is a China‐based fintech company that specializes in providing digital lending solutions to underserved consumer and small business markets. Leveraging proprietary credit assessment technologies and big data analytics, the company connects borrowers with a network of financial institutions and investors through its online platform. Its services encompass unsecured consumer loans, installment credit products, and working capital financing for micro and small enterprises.

The company’s flagship platform offers an end‐to‐end digital lending experience, from application and credit evaluation to disbursement and repayment.