Scienjoy Holding Corporation (NASDAQ:SJ) Sees Significant Decrease in Short Interest

Scienjoy Holding Corporation (NASDAQ:SJ) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,285 shares, a decline of 81.7% from the May 14th total of 12,465 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 101,789 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Scienjoy

An institutional investor recently raised its position in Scienjoy stock. Citadel Advisors LLC grew its stake in shares of Scienjoy Holding Corporation (NASDAQ:SJ) by 25.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,709 shares of the company’s stock after buying an additional 15,540 shares during the period. Citadel Advisors LLC owned 0.20% of Scienjoy worth $49,000 at the end of the most recent reporting period. 0.32% of the stock is owned by hedge funds and other institutional investors.

Scienjoy Trading Up 4.0%

SJ stock traded up $0.04 during midday trading on Wednesday, reaching $1.11. 5,764 shares of the company’s stock traded hands, compared to its average volume of 65,063. Scienjoy has a 52-week low of $0.45 and a 52-week high of $1.63. The stock has a market cap of $44.01 million, a P/E ratio of -0.55 and a beta of 0.81. The stock’s 50-day moving average is $1.19 and its 200 day moving average is $1.07.

Scienjoy (NASDAQ:SJ) last issued its quarterly earnings results on Thursday, May 21st. The company reported $0.03 earnings per share for the quarter. The business had revenue of $40.99 million for the quarter. Scienjoy had a negative net margin of 46.33% and a negative return on equity of 63.91%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Scienjoy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Scienjoy Company Profile

Scienjoy Limited (NASDAQ: SJ) is a China-based interactive entertainment company that operates online social platforms and develops mobile gaming applications. The company’s core business centers on group video chat services and live-streaming products that facilitate multi-user interactions. Through its proprietary technologies, Scienjoy provides users with themed virtual rooms, interactive features such as filters and animations, and a range of monetization options including virtual gifting and membership subscriptions.

In addition to its social entertainment offerings, Scienjoy develops and publishes casual mobile games across Android and iOS platforms.