Yirendai Ltd. (NYSE:YRD) Sees Significant Drop in Short Interest

Yirendai Ltd. (NYSE:YRD) saw a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 47,506 shares, a decline of 25.7% from the January 29th total of 63,943 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 52,702 shares, the short-interest ratio is presently 0.9 days. Based on an average trading volume of 52,702 shares, the short-interest ratio is presently 0.9 days. Approximately 0.1% of the company’s shares are sold short.

Yirendai Trading Up 3.8%

Shares of YRD stock traded up $0.14 on Wednesday, reaching $3.82. The company had a trading volume of 37,385 shares, compared to its average volume of 40,972. The company has a 50-day moving average of $3.90 and a 200-day moving average of $4.90. Yirendai has a 12 month low of $3.54 and a 12 month high of $8.74. The stock has a market cap of $330.09 million, a PE ratio of 1.92 and a beta of 0.85.

Institutional Trading of Yirendai

Large investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Yirendai by 3.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 407,125 shares of the technology company’s stock valued at $2,390,000 after purchasing an additional 13,138 shares in the last quarter. Catalyst Funds Management Pty Ltd lifted its stake in Yirendai by 13.6% in the second quarter. Catalyst Funds Management Pty Ltd now owns 15,900 shares of the technology company’s stock valued at $93,000 after buying an additional 1,900 shares in the last quarter. American Century Companies Inc. lifted its stake in Yirendai by 35.7% in the second quarter. American Century Companies Inc. now owns 23,799 shares of the technology company’s stock valued at $140,000 after buying an additional 6,261 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Yirendai in the third quarter valued at approximately $337,000. Finally, Raymond James Financial Inc. increased its position in shares of Yirendai by 5,362.0% during the third quarter. Raymond James Financial Inc. now owns 27,310 shares of the technology company’s stock worth $162,000 after acquiring an additional 26,810 shares in the last quarter. Institutional investors own 1.99% of the company’s stock.

About Yirendai

Yirendai Ltd is a leading fintech credit marketplace in China, offering consumer financing solutions through a digital platform. As a subsidiary of CreditEase, one of the country’s earliest peer-to-peer lending pioneers, Yirendai facilitates connections between individual borrowers and institutional or retail investors. The company’s integrated platform handles borrower screening, credit assessment, risk management and loan servicing to deliver a streamlined, transparent lending experience.

The company provides unsecured personal loans for purposes such as debt consolidation, home improvement and small business investment.