Scienjoy Holding Corporation (NASDAQ:SJ) Sees Significant Growth in Short Interest

Scienjoy Holding Corporation (NASDAQ:SJ) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 36,473 shares, a growth of 78.4% from the September 15th total of 20,441 shares. Based on an average daily trading volume, of 17,487 shares, the short-interest ratio is currently 2.1 days. Currently, 0.1% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Scienjoy in a report on Friday, September 11th. One analyst has rated the stock with a Sell rating. According to MarketBeat, Scienjoy presently has a consensus rating of “Sell”.

Scienjoy Stock Down 1.9%

NASDAQ SJ traded down $0.02 during trading hours on Thursday, hitting $0.96. 9,176 shares of the company were exchanged, compared to its average volume of 56,771. The stock has a 50-day moving average price of $0.86 and a 200 day moving average price of $0.99. Scienjoy has a 52 week low of $0.45 and a 52 week high of $1.63. The stock has a market cap of $38.15 million, a PE ratio of -0.49 and a beta of 0.89.

About Scienjoy

Scienjoy Holding Corporation (NASDAQ: SJ) is a China-based online entertainment company that operates digital platforms focused on live streaming and interactive social experiences. Its services connect users with content creators through real-time video broadcasts, audience interaction and virtual entertainment features.

The company’s business model generally includes revenue from virtual items purchased by viewers, platform services and related digital entertainment activities. Scienjoy has also been associated with short-form video, social networking and other online content offerings designed for mobile users and livestream audiences.

Scienjoy serves users primarily in China through its internet and mobile platforms.