Jiayin Group (NASDAQ:JFIN) Shares Gap Up – Here’s What Happened

Jiayin Group Inc. (NASDAQ:JFIN) shares gapped up before the market opened on Monday . The stock had previously closed at $11.82, but opened at $12.39. Jiayin Group shares last traded at $12.58, with a volume of 53,293 shares.

Jiayin Group Price Performance

The stock has a market cap of $692.54 million, a P/E ratio of 4.30 and a beta of 0.78. The business’s 50 day simple moving average is $8.94 and its 200 day simple moving average is $7.32.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new position in Jiayin Group during the fourth quarter worth about $109,000. Renaissance Technologies LLC lifted its stake in Jiayin Group by 10.3% during the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock worth $123,000 after purchasing an additional 1,799 shares during the period. Finally, LPL Financial LLC bought a new position in Jiayin Group during the fourth quarter worth about $174,000. Institutional investors own 44.08% of the company’s stock.

Jiayin Group Company Profile

Jiayin Group Inc, together with its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates a fintech platform that facilitates connections between individual borrowers and financial institutions. It also offers referral services for investment products offered by the financial service providers; and technology development and services, as well as guarantee services.