Short Interest in LexinFintech Holdings Ltd. (NASDAQ:LX) Increases By 251.5%

LexinFintech Holdings Ltd. (NASDAQ:LX) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 1,060,000 shares, an increase of 251.5% from the September 30th total of 301,600 shares. Based on an average daily trading volume, of 2,880,000 shares, the short-interest ratio is presently 0.4 days.

LexinFintech Stock Performance

Shares of LexinFintech stock traded down $0.03 during trading on Friday, reaching $3.12. The company’s stock had a trading volume of 1,770,602 shares, compared to its average volume of 1,461,091. LexinFintech has a one year low of $1.56 and a one year high of $4.70. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a market cap of $512.09 million, a price-to-earnings ratio of 4.66 and a beta of 0.56. The business’s fifty day moving average price is $2.34 and its 200-day moving average price is $1.95.

LexinFintech (NASDAQ:LX) last issued its quarterly earnings results on Tuesday, August 27th. The company reported $0.19 EPS for the quarter. The company had revenue of $500.98 million during the quarter. LexinFintech had a return on equity of 8.16% and a net margin of 5.80%.

LexinFintech Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 16th were issued a $0.072 dividend. The ex-dividend date was Monday, September 16th. This is an increase from LexinFintech’s previous Semi-Annual dividend of $0.07. This represents a yield of 6.9%. LexinFintech’s dividend payout ratio is 19.40%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LX. QRG Capital Management Inc. boosted its stake in LexinFintech by 38.7% during the first quarter. QRG Capital Management Inc. now owns 54,606 shares of the company’s stock worth $98,000 after buying an additional 15,245 shares in the last quarter. Paloma Partners Management Co bought a new stake in LexinFintech in the first quarter valued at about $30,000. Kathmere Capital Management LLC acquired a new position in LexinFintech in the second quarter worth about $36,000. SG Americas Securities LLC acquired a new stake in LexinFintech during the third quarter valued at approximately $122,000. Finally, Renaissance Technologies LLC raised its holdings in shares of LexinFintech by 5.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,021,700 shares of the company’s stock worth $1,686,000 after buying an additional 55,700 shares in the last quarter.

About LexinFintech

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.