Short Interest in Jiayin Group Inc. (NASDAQ:JFIN) Grows By 51.3%

Jiayin Group Inc. (NASDAQ:JFIN) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 41,000 shares, an increase of 51.3% from the September 30th total of 27,100 shares. Based on an average daily trading volume, of 122,100 shares, the days-to-cover ratio is presently 0.3 days.

Jiayin Group Stock Performance

Jiayin Group stock opened at $6.66 on Tuesday. The company’s 50 day simple moving average is $6.33 and its 200-day simple moving average is $6.26. Jiayin Group has a 1 year low of $4.00 and a 1 year high of $8.58. The company has a market capitalization of $357.58 million, a price-to-earnings ratio of 2.14 and a beta of 0.83.

Jiayin Group (NASDAQ:JFIN) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.60 EPS for the quarter. The company had revenue of $203.15 million for the quarter. Jiayin Group had a return on equity of 49.78% and a net margin of 20.00%.

Jiayin Group Announces Dividend

The firm also recently declared a — dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a yield of 14.5%. Jiayin Group’s dividend payout ratio is presently 28.30%.

Hedge Funds Weigh In On Jiayin Group

Institutional investors have recently modified their holdings of the business. Boston Partners purchased a new position in Jiayin Group in the first quarter valued at $439,000. Advisors Preferred LLC purchased a new position in shares of Jiayin Group in the 1st quarter valued at about $98,000. Fermata Advisors LLC acquired a new position in shares of Jiayin Group during the second quarter worth about $78,000. Finally, Ariadne Wealth Management LP purchased a new stake in shares of Jiayin Group during the second quarter worth approximately $31,000. Institutional investors and hedge funds own 44.08% of the company’s stock.

About Jiayin Group

Jiayin Group Inc, together with its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates a fintech platform that facilitates connections between individual borrowers and financial institutions. It also offers referral services for investment products offered by the financial service providers; and technology development and services, as well as guarantee services.