Jiayin Group Inc. (NASDAQ:JFIN) Short Interest Update

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in Jiayin Group by 180.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 91,951 shares of the company’s stock valued at $86,000 after purchasing an additional 59,205 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Jiayin Group in the 3rd quarter worth about $100,000. EWA LLC bought a new stake in Jiayin Group in the 4th quarter valued at about $64,000. QRG Capital Management Inc. bought a new stake in Jiayin Group in the 3rd quarter valued at about $59,000. Finally, Renaissance Technologies LLC raised its stake in Jiayin Group by 49.0% in the 4th quarter. Renaissance Technologies LLC now owns 21,896 shares of the company’s stock valued at $50,000 after acquiring an additional 7,196 shares during the period. Institutional investors own 44.08% of the company’s stock.

Jiayin Group Stock Down 6.8 %

Shares of Jiayin Group stock opened at $6.90 on Thursday. The firm’s 50-day moving average price is $5.93 and its two-hundred day moving average price is $5.44. Jiayin Group has a 12-month low of $3.33 and a 12-month high of $8.19. The company has a market capitalization of $370.43 million, a price-to-earnings ratio of 1.78 and a beta of 0.96.

Jiayin Group Announces Dividend

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