9F Inc. Sponsored ADR (NASDAQ:JFU) Short Interest Up 170.8% in May

9F Inc. Sponsored ADR (NASDAQ:JFU) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 4,363 shares, a growth of 170.8% from the May 14th total of 1,611 shares. Based on an average daily trading volume, of 5,229 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the company’s shares are short sold.

9F Stock Down 1.3%

Shares of JFU stock traded down $0.04 during trading hours on Friday, hitting $2.94. The company’s stock had a trading volume of 10,171 shares, compared to its average volume of 8,926. The company has a 50 day moving average of $3.22 and a 200 day moving average of $4.56. 9F has a 12-month low of $1.25 and a 12-month high of $9.48.

9F (NASDAQ:JFU) last announced its quarterly earnings results on Friday, May 1st. The company reported ($0.28) earnings per share (EPS) for the quarter. The company had revenue of $10.10 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of 9F from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

About 9F

9F Inc (NASDAQ: JFU) is a China-based financial technology company that provides a suite of online financial services aimed at individual and institutional investors. Leveraging proprietary risk management and data analytics capabilities, the company primarily engages in asset management, consumer finance, and supply chain finance. Its technology-driven platform enables users to access diversified investment products, manage credit risk, and participate in secondary market trading through an integrated digital interface.

The company’s product offerings include online wealth management solutions, microloans, small- and medium-enterprise (SME) financing, and credit management services.