Jiayin Group Inc. (NASDAQ:JFIN) Short Interest Up 50.8% in August

Jiayin Group Inc. (NASDAQ:JFIN) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 19,900 shares, a growth of 50.8% from the August 15th total of 13,200 shares. Based on an average daily trading volume, of 75,100 shares, the days-to-cover ratio is presently 0.3 days.

Jiayin Group Price Performance

JFIN opened at $5.51 on Monday. The business has a 50 day simple moving average of $5.62 and a 200-day simple moving average of $6.23. The stock has a market capitalization of $295.80 million, a P/E ratio of 1.64 and a beta of 0.83. Jiayin Group has a 12 month low of $4.00 and a 12 month high of $7.57.

Jiayin Group Announces Dividend

The company also recently disclosed a — dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were paid a $0.50 dividend. This represents a yield of 14.5%. The ex-dividend date of this dividend was Tuesday, August 27th. Jiayin Group’s payout ratio is currently 25.97%.

Hedge Funds Weigh In On Jiayin Group

Hedge funds have recently bought and sold shares of the stock. Boston Partners purchased a new stake in shares of Jiayin Group in the first quarter valued at $439,000. QRG Capital Management Inc. lifted its stake in shares of Jiayin Group by 45.5% during the fourth quarter. QRG Capital Management Inc. now owns 16,082 shares of the company’s stock worth $83,000 after purchasing an additional 5,031 shares in the last quarter. Advisors Preferred LLC acquired a new position in shares of Jiayin Group during the first quarter worth about $98,000. Fermata Advisors LLC acquired a new position in shares of Jiayin Group during the second quarter worth about $78,000. Finally, Ariadne Wealth Management LP acquired a new position in shares of Jiayin Group in the second quarter worth about $31,000. Hedge funds and other institutional investors own 44.08% of the company’s stock.

Jiayin Group Company Profile

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.