Short Interest in Jiayin Group Inc. (NASDAQ:JFIN) Rises By 1,140.0%

Jiayin Group Inc. (NASDAQ:JFIN) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 31,000 shares, an increase of 1,140.0% from the February 29th total of 2,500 shares. Based on an average daily volume of 79,600 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Jiayin Group

Several hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in shares of Jiayin Group by 35.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 43,162 shares of the company’s stock worth $222,000 after purchasing an additional 11,249 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of Jiayin Group by 45.5% in the fourth quarter. QRG Capital Management Inc. now owns 16,082 shares of the company’s stock worth $83,000 after purchasing an additional 5,031 shares in the last quarter. EWA LLC purchased a new stake in shares of Jiayin Group during the fourth quarter worth $64,000. Penserra Capital Management LLC bought a new stake in shares of Jiayin Group during the third quarter valued at about $28,000. Finally, Mercer Global Advisors Inc. ADV lifted its stake in Jiayin Group by 20.2% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 17,733 shares of the company’s stock worth $66,000 after purchasing an additional 2,985 shares in the last quarter. Institutional investors and hedge funds own 44.08% of the company’s stock.

Jiayin Group Price Performance

Shares of Jiayin Group stock opened at $6.52 on Friday. Jiayin Group has a 1 year low of $3.35 and a 1 year high of $8.19. The business has a fifty day simple moving average of $5.94 and a two-hundred day simple moving average of $5.45. The company has a market capitalization of $350.06 million, a price-to-earnings ratio of 1.68 and a beta of 0.96.

Jiayin Group Dividend Announcement

The firm also recently declared a — dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 19th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, January 18th. This represents a dividend yield of 13.4%. Jiayin Group’s payout ratio is 19.59%.

About Jiayin Group

Jiayin Group Inc provides online consumer finance services in the People's Republic of China. The company operates a fintech platform that facilitates transparent, secure, and fast connections between individual borrowers and financial institutions funding partners. It also offers referral services for investment products offered by the financial service providers; and software development, risk control, marketing support, and IT assistance services.