Jiayin Group (NASDAQ:JFIN) Sees Large Volume Increase – What’s Next?

Jiayin Group Inc. (NASDAQ:JFIN) saw unusually-strong trading volume on Thursday . Approximately 152,517 shares traded hands during trading, an increase of 62% from the previous session’s volume of 94,059 shares.The stock last traded at $13.25 and had previously closed at $13.72.

Jiayin Group Stock Performance

The company has a 50-day moving average of $9.08 and a 200-day moving average of $7.37. The stock has a market capitalization of $639.76 million, a price-to-earnings ratio of 3.96 and a beta of 0.78.

Institutional Trading of Jiayin Group

Large investors have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new stake in shares of Jiayin Group during the fourth quarter worth about $109,000. Renaissance Technologies LLC boosted its position 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 acquiring an additional 1,799 shares during the last quarter. Finally, LPL Financial LLC purchased a new stake in Jiayin Group in the 4th quarter worth approximately $174,000. Institutional investors and hedge funds own 44.08% of the company’s stock.

About Jiayin Group

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.