9F Inc. Sponsored ADR (NASDAQ:JFU) Short Interest Down 51.5% in June

9F Inc. Sponsored ADR (NASDAQ:JFU) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 3,473 shares, a decrease of 51.5% from the June 15th total of 7,156 shares. Based on an average trading volume of 2,874 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.1% of the company’s shares are sold short.

9F Stock Performance

Shares of 9F stock traded down $0.03 on Wednesday, reaching $2.38. 508 shares of the company were exchanged, compared to its average volume of 7,067. 9F has a 1-year low of $1.51 and a 1-year high of $9.48. The stock’s 50 day moving average price is $3.05 and its 200-day moving average price is $4.05.

9F (NASDAQ:JFU) last released its quarterly earnings data on Friday, May 1st. The company reported ($0.28) earnings per share (EPS) for the quarter. The firm had revenue of $10.10 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of 9F from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

9F Company Profile

9F Inc (NASDAQ: JFU) is a China-based financial technology company that provides a suite of online financial services aimed at individual and institutional investors. Leveraging proprietary risk management and data analytics capabilities, the company primarily engages in asset management, consumer finance, and supply chain finance. Its technology-driven platform enables users to access diversified investment products, manage credit risk, and participate in secondary market trading through an integrated digital interface.

The company’s product offerings include online wealth management solutions, microloans, small- and medium-enterprise (SME) financing, and credit management services.