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

Yirendai Ltd. (NYSE:YRD) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 102,529 shares, a decrease of 15.4% from the February 26th total of 121,226 shares. Based on an average daily volume of 31,036 shares, the days-to-cover ratio is currently 3.3 days. Approximately 0.2% of the company’s stock are sold short.

Yirendai Stock Performance

Shares of YRD opened at $1.65 on Thursday. The stock has a 50-day simple moving average of $3.40 and a 200-day simple moving average of $4.46. The stock has a market capitalization of $142.58 million, a PE ratio of 55.02 and a beta of 1.13. Yirendai has a 1 year low of $1.60 and a 1 year high of $7.68.

Yirendai (NYSE:YRD) last released its earnings results on Thursday, March 19th. The technology company reported ($1.44) earnings per share for the quarter. The firm had revenue of $136.87 million for the quarter. Yirendai had a return on equity of 0.18% and a net margin of 0.31%.

Institutional Investors Weigh In On Yirendai

Large investors have recently modified their holdings of the company. American Century Companies Inc. raised its holdings in shares of Yirendai by 35.7% in the 2nd quarter. American Century Companies Inc. now owns 23,799 shares of the technology company’s stock valued at $140,000 after purchasing an additional 6,261 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Yirendai during the 3rd quarter worth $337,000. Raymond James Financial Inc. grew its stake 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 purchasing an additional 26,810 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Yirendai by 6.3% during the third quarter. Public Employees Retirement System of Ohio now owns 49,229 shares of the technology company’s stock worth $292,000 after purchasing an additional 2,933 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Yirendai by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,083,471 shares of the technology company’s stock valued at $4,010,000 after buying an additional 4,123 shares during the last quarter. 1.99% of the stock is owned by hedge funds and other institutional investors.

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.