Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Short Interest Update

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 4,051,062 shares, an increase of 25.5% from the January 15th total of 3,227,120 shares. Based on an average daily volume of 1,263,793 shares, the short-interest ratio is presently 3.2 days. Currently, 3.4% of the shares of the company are short sold. Currently, 3.4% of the shares of the company are short sold. Based on an average daily volume of 1,263,793 shares, the short-interest ratio is presently 3.2 days.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on QFIN. JPMorgan Chase & Co. lowered Qfin from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $45.00 to $21.00 in a research report on Wednesday, November 19th. Zacks Research lowered shares of Qfin from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Qfin in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Qfin presently has a consensus rating of “Hold” and an average price target of $36.85.

Qfin Price Performance

NASDAQ QFIN traded down $0.07 during trading hours on Monday, hitting $15.55. The company had a trading volume of 1,144,466 shares, compared to its average volume of 1,321,871. The firm has a 50 day simple moving average of $17.71 and a 200 day simple moving average of $23.68. Qfin has a 52 week low of $14.79 and a 52 week high of $48.94. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 2.27, a PEG ratio of 0.23 and a beta of 0.52. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.94 and a current ratio of 2.94.

Qfin (NASDAQ:QFIN) last issued its quarterly earnings data on Tuesday, November 18th. The company reported $1.52 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.16). The firm had revenue of $731.04 million for the quarter, compared to analysts’ expectations of $693.21 million. Qfin had a net margin of 35.09% and a return on equity of 28.73%. Equities research analysts expect that Qfin will post 5.71 earnings per share for the current year.

Institutional Investors Weigh In On Qfin

A number of large investors have recently added to or reduced their stakes in the company. Aspex Management HK Ltd grew its holdings in Qfin by 30.5% in the 2nd quarter. Aspex Management HK Ltd now owns 6,612,366 shares of the company’s stock worth $286,712,000 after acquiring an additional 1,547,312 shares during the last quarter. Krane Funds Advisors LLC boosted its stake in Qfin by 25.1% in the 3rd quarter. Krane Funds Advisors LLC now owns 6,344,592 shares of the company’s stock worth $182,597,000 after purchasing an additional 1,271,942 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. grew its position in Qfin by 22.6% during the 2nd quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 3,295,438 shares of the company’s stock valued at $142,890,000 after purchasing an additional 606,446 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Qfin by 9.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,988,999 shares of the company’s stock worth $38,350,000 after buying an additional 176,754 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Qfin by 198.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,842,278 shares of the company’s stock worth $35,501,000 after buying an additional 1,224,164 shares in the last quarter. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Qfin Company Profile

360 DigiTech, Inc (NASDAQ: QFIN) is a China‐based fintech company that specializes in providing digital lending solutions to underserved consumer and small business markets. Leveraging proprietary credit assessment technologies and big data analytics, the company connects borrowers with a network of financial institutions and investors through its online platform. Its services encompass unsecured consumer loans, installment credit products, and working capital financing for micro and small enterprises.

The company’s flagship platform offers an end‐to‐end digital lending experience, from application and credit evaluation to disbursement and repayment.