Jiayin Group Inc. (NASDAQ:JFIN) Sees Significant Decline in Short Interest

Jiayin Group Inc. (NASDAQ:JFIN) experienced a notable reduction in short interest for the month of February. As of February 28th, the total short interest stood at 53,100 shares, reflecting a sharp decline of 36.0% from the 83,000 shares reported on February 13th. This change indicates that approximately 0.2% of the company's stock is currently sold short. Considering the average trading volume of 135,500 shares, the short-interest ratio is now at 0.4 days, suggesting a quicker potential for covering short positions.

Jiayin Group Trading Up 20.2%

On Friday, Jiayin Group's share price rose by $1.99, reaching a value of $11.82. The trading volume for the company's stock was 330,531 shares, significantly higher than its average volume of 91,501 shares. Analyzing the company's performance metrics, the fifty-day moving average is pegged at $8.70, while the 200-day moving average sits at $7.19. Over the past year, Jiayin Group has faced a low of $4.00 and a high of $12.00. At present, the market capitalization of the company is around $634.56 million, with a price-to-earnings ratio of 3.94 and a beta of 0.78, indicating relatively low volatility compared to the overall market.

Institutional Inflows and Outflows

Recent changes in positions among institutional investors and hedge funds regarding Jiayin Group have been noteworthy. During the 4th quarter, XTX Topco Ltd acquired a new stake in the company valued at approximately $109,000. Additionally, Renaissance Technologies LLC increased its holdings by 10.3%, now owning 19,291 shares valued at $123,000 after buying 1,799 additional shares in the same quarter. LPL Financial LLC also entered a new investment in Jiayin Group during the 4th quarter, estimating its value at about $174,000. Collectively, institutional investors and hedge funds hold about 44.08% of Jiayin Group's outstanding shares.

Jiayin Group Company Profile

Jiayin Group Inc. and its subsidiaries are engaged in providing online consumer finance services mainly in the People's Republic of China. The company operates a financial technology platform that connects individual borrowers with financial institutions. Additionally, Jiayin Group offers referral services for diverse investment products available through financial service providers, as well as technology development services and guarantee services.

Should You Invest $1,000 in Jiayin Group Right Now?

Before making an investment decision regarding Jiayin Group, it is advisable to consider expert opinions. Current assessments suggest that while Jiayin Group holds a 'Hold' rating among analysts, there are at least five other stocks that are recommended for investors looking for better opportunities. These stocks have received favorable attention from top-rated analysts, indicating they might be more promising investments in the near future.

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