Short Interest in X Financial (NYSE:XYF) Expands By 163.5%

X Financial (NYSE:XYF) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 127,800 shares, an increase of 163.5% from the March 15th total of 48,500 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 177,700 shares, the days-to-cover ratio is currently 0.7 days.

X Financial Stock Up 2.2 %

Shares of X Financial stock traded up $0.25 on Thursday, reaching $11.67. The stock had a trading volume of 35,514 shares, compared to its average volume of 68,503. X Financial has a 1 year low of $3.68 and a 1 year high of $17.70. The stock has a market capitalization of $570.97 million, a P/E ratio of 3.08 and a beta of -0.10. The company has a 50 day moving average price of $11.73 and a 200 day moving average price of $8.86.

X Financial (NYSE:XYF) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $1.13 earnings per share (EPS) for the quarter. The business had revenue of $234.09 million during the quarter. X Financial had a return on equity of 20.66% and a net margin of 25.03%.

X Financial Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 20th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 20th. This is a positive change from X Financial’s previous semi-annual dividend of $0.17. This represents a dividend yield of 2.6%. X Financial’s dividend payout ratio is 7.36%.

About X Financial

X Financial provides personal finance services in the People’s Republic of China. The company offers services as an online marketplace connecting borrowers and investors or institutional funding partners. Its loan products include Xiaoying credit loan, which consists of Xiaoying card loan; and Xiaoying preferred loan to small business owners.