Scienjoy Holding Corporation (NASDAQ:SJ) Sees Large Decline in Short Interest

Scienjoy Holding Corporation (NASDAQ:SJ) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 20,441 shares, a decrease of 46.2% from the August 31st total of 38,017 shares. Based on an average daily trading volume, of 83,906 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Scienjoy in a research report on Friday, September 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Scienjoy Trading Up 11.1%

NASDAQ:SJ traded up $0.08 during trading hours on Thursday, reaching $0.79. 11,198 shares of the company traded hands, compared to its average volume of 56,984. The business’s 50-day moving average price is $0.87 and its two-hundred day moving average price is $1.03. Scienjoy has a 1 year low of $0.45 and a 1 year high of $1.63. The stock has a market capitalization of $31.19 million, a P/E ratio of -0.40 and a beta of 0.89.

About Scienjoy

Scienjoy Holding Corporation (NASDAQ: SJ) is a China-based technology and entertainment company that operates online live-streaming and social networking platforms. Its services connect content creators, performers and viewers through interactive digital entertainment experiences.

The company’s platform offerings generally include live video and audio broadcasts, user interaction features, virtual gifting and related online entertainment services. Scienjoy also generates revenue through advertising and other platform-related activities, although the specific mix of services may change as the company develops its business.

Scienjoy’s operations have historically focused on the Chinese market and are conducted primarily through subsidiaries and affiliated technology businesses.