X Financial Sponsored ADR (NYSE:XYF) Sees Large Decrease in Short Interest

X Financial Sponsored ADR (NYSE:XYF) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 133,058 shares, a decrease of 15.0% from the February 26th total of 156,503 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 109,083 shares, the short-interest ratio is presently 1.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of X Financial in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of X Financial in the 4th quarter worth $43,000. BNP Paribas Financial Markets purchased a new position in shares of X Financial during the third quarter valued at $105,000. Russell Investments Group Ltd. raised its holdings in shares of X Financial by 468.4% in the third quarter. Russell Investments Group Ltd. now owns 33,780 shares of the company’s stock valued at $457,000 after acquiring an additional 27,837 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in X Financial in the second quarter worth about $697,000. 1.15% of the stock is currently owned by hedge funds and other institutional investors.

X Financial Price Performance

Shares of XYF opened at $4.09 on Wednesday. The firm has a market capitalization of $170.67 million, a price-to-earnings ratio of 0.86 and a beta of 0.39. X Financial has a 1-year low of $3.30 and a 1-year high of $20.35. The company has a 50-day moving average of $4.98 and a 200 day moving average of $8.20.

X Financial Company Profile

X Financial (NYSE:XYF) is a Beijing-based online credit marketplace focused on providing diversified financing solutions to individuals and small- and medium-sized enterprises (SMEs) in China. The company was established in 2014 and completed its initial public offering on the New York Stock Exchange in 2016. Since inception, X Financial has built a technology-driven platform that connects borrowers with a network of institutional investors, banks and other funding sources, aiming to streamline access to credit and improve lending efficiency.

The company’s core offerings include consumer loans, SME loans, real estate-secured financing and wealth management products.