Yiren Digital Ltd. (NYSE:YRD) Sees Large Increase in Short Interest

Yiren Digital Ltd. (NYSE:YRD) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 193,500 shares, a growth of 24.1% from the February 13th total of 155,900 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 128,900 shares, the short-interest ratio is presently 1.5 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. AXA S.A. raised its holdings in shares of Yiren Digital by 80.7% in the fourth quarter. AXA S.A. now owns 11,562 shares of the technology company’s stock worth $55,000 after acquiring an additional 5,165 shares during the last quarter. XTX Topco Ltd increased its position in Yiren Digital by 34.5% during the 3rd quarter. XTX Topco Ltd now owns 20,657 shares of the technology company’s stock worth $118,000 after purchasing an additional 5,294 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Yiren Digital by 43.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 38,528 shares of the technology company’s stock valued at $185,000 after purchasing an additional 11,583 shares during the last quarter. Two Sigma Investments LP purchased a new position in Yiren Digital in the 4th quarter valued at about $61,000. Finally, Invesco Ltd. acquired a new stake in shares of Yiren Digital during the 4th quarter worth about $71,000. 1.99% of the stock is owned by hedge funds and other institutional investors.

Yiren Digital Trading Up 7.3 %

Shares of NYSE YRD traded up $0.54 during midday trading on Monday, reaching $7.88. 337,011 shares of the company were exchanged, compared to its average volume of 141,729. The stock has a market cap of $690.87 million, a P/E ratio of 2.72 and a beta of 0.65. The stock has a fifty day simple moving average of $6.12 and a 200 day simple moving average of $5.59. Yiren Digital has a 1 year low of $4.12 and a 1 year high of $9.20.

Yiren Digital Company Profile

Yiren Digital Ltd. provides financial services through an AI-powered platform in China. Its platform provides a suite of financial and lifestyle services. The company offers financial services, which provides a portfolio of loan products to borrowers; insurance brokerage services; and consumption and lifestyle services, including non-financial products and services to meet various consumer needs.