LexinFintech Holdings Ltd – (LX) Short Interest Up 48.2% in January
LexinFintech Holdings Ltd – (NASDAQ:LX) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 796,112 shares, a growth of 48.2% from the January 12th total of 537,164 shares. Based on an average daily volume of 488,608 shares, the short-interest ratio is currently 1.6 days.
Shares of LexinFintech (NASDAQ:LX) opened at $14.60 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of -0.29. LexinFintech has a fifty-two week low of $10.15 and a fifty-two week high of $18.29.
LX has been the subject of a number of recent analyst reports. Deutsche Bank initiated coverage on shares of LexinFintech in a report on Tuesday, January 16th. They set a “buy” rating and a $21.00 price target for the company. Goldman Sachs Group initiated coverage on shares of LexinFintech in a report on Sunday, January 14th. They set a “buy” rating and a $21.80 price target for the company.
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LexinFintech Holdings Ltd is a holding company. The Company primarily engaged in providing online direct sales services and online consumer finance services. Through its subsidiaries, the Company offers personal installment loans, installment purchase loans and other loan products. The Company serves the credit needs of the customers aged between 18 and 36 in China.
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