X Financial Sponsored ADR (NYSE:XYF) Short Interest Update

X Financial Sponsored ADR (NYSE:XYF) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 130,830 shares, an increase of 20.3% from the December 31st total of 108,781 shares. Based on an average daily volume of 185,981 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 185,981 shares, the days-to-cover ratio is presently 0.7 days.

X Financial Trading Up 1.7%

Shares of XYF opened at $5.24 on Thursday. The company has a market cap of $218.93 million, a PE ratio of 0.93 and a beta of 0.46. The stock has a 50-day moving average price of $6.17 and a 200-day moving average price of $10.91. X Financial has a 12-month low of $5.00 and a 12-month high of $20.35.

Institutional Trading of X Financial

A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets purchased a new position in X Financial in the third quarter worth $105,000. Russell Investments Group Ltd. lifted its stake in X Financial by 468.4% during the third quarter. Russell Investments Group Ltd. now owns 33,780 shares of the company’s stock worth $457,000 after purchasing an additional 27,837 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in shares of X Financial in the 2nd quarter worth about $697,000. 1.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

XYF has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of X Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of X Financial in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

X Financial Company Profile

X Financial (NYSE:XYF) is a Beijing-based online credit marketplace focused on providing diversified financing solutions to individuals and small- and medium-sized enterprises (SMEs) in China. The company was established in 2014 and completed its initial public offering on the New York Stock Exchange in 2016. Since inception, X Financial has built a technology-driven platform that connects borrowers with a network of institutional investors, banks and other funding sources, aiming to streamline access to credit and improve lending efficiency.

The company’s core offerings include consumer loans, SME loans, real estate-secured financing and wealth management products.