Pintec Technology Holdings Ltd. (NASDAQ:PT) Short Interest Down 30.8% in December

Pintec Technology Holdings Ltd. (NASDAQ:PT) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 31,614 shares, a decrease of 30.8% from the December 15th total of 45,654 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 79,730 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 79,730 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pintec Technology in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Pintec Technology

An institutional investor recently bought a new position in Pintec Technology stock. Virtu Financial LLC bought a new position in Pintec Technology Holdings Ltd. (NASDAQ:PT) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 49,986 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned 0.32% of Pintec Technology as of its most recent SEC filing. Hedge funds and other institutional investors own 6.57% of the company’s stock.

Pintec Technology Stock Down 8.2%

NASDAQ PT traded down $0.10 during trading on Friday, hitting $1.12. The stock had a trading volume of 131,077 shares, compared to its average volume of 77,486. Pintec Technology has a one year low of $0.76 and a one year high of $1.38. The stock has a 50 day simple moving average of $0.99 and a 200 day simple moving average of $0.97.

Pintec Technology Company Profile

Pintec Technology Holdings Limited, founded in 2008 and headquartered in Beijing, is a leading fintech company that provides technology-enabled financial solutions to banks, consumer finance companies and other financial institutions in China. Its core business revolves around an origination-as-a-service platform that enables partners to quickly launch and manage digital lending and wealth management products. This platform covers the entire credit lifecycle, including customer acquisition, credit decisioning, risk management and post-loan servicing.

In addition to its fintech platform business, Pintec operates a content-based marketing platform that harnesses big data analytics and AI-driven algorithms to match financial service providers with potential customers through online media, social networks and other digital channels.