FinVolution Group (NYSE:FINV) Short Interest Update

FinVolution Group (NYSE:FINV) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 1,640,000 shares, an increase of 8.6% from the August 31st total of 1,510,000 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily volume of 583,900 shares, the short-interest ratio is presently 2.8 days.

FinVolution Group Price Performance

FinVolution Group stock traded up $0.19 during midday trading on Tuesday, reaching $6.37. 1,902,058 shares of the company traded hands, compared to its average volume of 701,208. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 5.84 and a beta of 0.43. The business has a 50 day moving average of $5.46 and a two-hundred day moving average of $5.10. FinVolution Group has a 12 month low of $4.22 and a 12 month high of $6.45.

FinVolution Group (NYSE:FINV) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $0.30 earnings per share for the quarter. The company had revenue of $435.93 million for the quarter. FinVolution Group had a net margin of 17.00% and a return on equity of 16.57%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FINV. SYM FINANCIAL Corp bought a new position in FinVolution Group in the second quarter worth approximately $54,000. Vicus Capital bought a new position in FinVolution Group in the first quarter worth approximately $63,000. SVB Wealth LLC bought a new position in FinVolution Group in the first quarter worth approximately $80,000. Ballentine Partners LLC raised its position in FinVolution Group by 62.7% in the first quarter. Ballentine Partners LLC now owns 18,481 shares of the company’s stock worth $93,000 after acquiring an additional 7,123 shares during the period. Finally, D Orazio & Associates Inc. raised its position in FinVolution Group by 23.7% in the first quarter. D Orazio & Associates Inc. now owns 22,318 shares of the company’s stock worth $112,000 after acquiring an additional 4,276 shares during the period. 31.15% of the stock is currently owned by institutional investors.

FinVolution Group Company Profile

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.