Scienjoy Holding Corporation (NASDAQ:SJ) Short Interest Up 408.6% in July

Scienjoy Holding Corporation (NASDAQ:SJ) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 20,717 shares, an increase of 408.6% from the June 30th total of 4,073 shares. Based on an average daily trading volume, of 44,775 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Scienjoy

An institutional investor recently raised its stake in Scienjoy stock. Citadel Advisors LLC increased its holdings in Scienjoy Holding Corporation (NASDAQ:SJ) by 25.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,709 shares of the company’s stock after purchasing an additional 15,540 shares during the period. Citadel Advisors LLC owned approximately 0.20% of Scienjoy worth $49,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.32% of the company’s stock.

Scienjoy Trading Up 5.5%

SJ stock traded up $0.04 during midday trading on Friday, hitting $0.81. The stock had a trading volume of 16,549 shares, compared to its average volume of 33,304. The firm has a market capitalization of $32.10 million, a price-to-earnings ratio of -0.42 and a beta of 0.89. Scienjoy has a 52 week low of $0.45 and a 52 week high of $1.63. The stock has a 50-day simple moving average of $0.98 and a 200 day simple moving average of $1.12.

Scienjoy (NASDAQ:SJ) last posted its quarterly earnings results on Thursday, May 21st. The company reported $0.03 earnings per share for the quarter. The firm 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%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Scienjoy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Sell rating, According to 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.