Jiayin Group (NASDAQ:JFIN) Trading 10% Higher – What’s Next?

Jiayin Group Inc. (NASDAQ:JFIN) shares were up 10% during trading on Wednesday . The company traded as high as $10.00 and last traded at $9.82. Approximately 80,697 shares changed hands during trading, a decline of 36% from the average daily volume of 125,157 shares. The stock had previously closed at $8.92.

Jiayin Group Stock Up 9.8 %

The stock has a 50-day moving average of $8.12 and a 200 day moving average of $6.99. The company has a market capitalization of $525.79 million, a PE ratio of 3.25 and a beta of 0.89.

Institutional Investors Weigh In On Jiayin Group

A number of hedge funds have recently made changes to their positions in the business. XTX Topco Ltd purchased a new position in Jiayin Group in the fourth quarter valued at about $109,000. Renaissance Technologies LLC lifted its stake in Jiayin Group by 10.3% in the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock valued at $123,000 after purchasing an additional 1,799 shares during the last quarter. Finally, LPL Financial LLC bought a new position in Jiayin Group during the fourth quarter valued at $174,000. 44.08% of the stock is currently owned by institutional investors.

About Jiayin Group

Jiayin Group Inc, together with its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates a fintech platform that facilitates connections between individual borrowers and financial institutions. It also offers referral services for investment products offered by the financial service providers; and technology development and services, as well as guarantee services.