Yintech Investment Holdings Limited (NASDAQ:YIN) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 171,680 shares, a decline of 80.4% from the October 13th total of 875,384 shares. Based on an average trading volume of 331,840 shares, the short-interest ratio is presently 0.5 days.

A number of hedge funds and other institutional investors have recently made changes to their positions in YIN. Globeflex Capital L P acquired a new position in Yintech Investment Holdings Limited in the 2nd quarter worth $176,000. Arrowstreet Capital Limited Partnership boosted its stake in Yintech Investment Holdings Limited by 69.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 342,694 shares of the financial services provider’s stock worth $3,427,000 after purchasing an additional 140,329 shares during the period. Finally, FDx Advisors Inc. boosted its stake in Yintech Investment Holdings Limited by 56.7% in the 3rd quarter. FDx Advisors Inc. now owns 23,808 shares of the financial services provider’s stock worth $263,000 after purchasing an additional 8,610 shares during the period. 1.63% of the stock is owned by hedge funds and other institutional investors.

Yintech Investment Holdings Limited (NASDAQ:YIN) opened at $11.43 on Monday. Yintech Investment Holdings Limited has a fifty-two week low of $8.53 and a fifty-two week high of $22.97. The stock has a market cap of $801.52, a price-to-earnings ratio of 5.15, a PEG ratio of -1.54 and a beta of -0.47.

Yintech Investment Holdings Limited (NASDAQ:YIN) last announced its quarterly earnings results on Tuesday, August 29th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter. Yintech Investment Holdings Limited had a net margin of 30.09% and a return on equity of 33.52%. The company had revenue of $84.10 million during the quarter. equities research analysts anticipate that Yintech Investment Holdings Limited will post 1.43 earnings per share for the current year.

Several equities analysts have recently issued reports on YIN shares. BidaskClub lowered shares of Yintech Investment Holdings Limited from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. Zacks Investment Research lowered shares of Yintech Investment Holdings Limited from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $15.00 price target on shares of Yintech Investment Holdings Limited in a report on Thursday, August 31st.

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Yintech Investment Holdings Limited Company Profile

Yintech Investment Holdings Limited is an online provider of spot commodity trading services in China. The Company facilitates the trading by individual customers of silver, gold, and other precious metals and commodities on the Shanghai Gold Exchange, the Tianjin Precious Metals Exchange and the Guangdong Precious Metals Exchange.

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