During August, the number of shares of Jiayin Group Inc. (NASDAQ: JFIN) sold short by investors decreased by a sizeable amount. On July 31st, 21,900 shares were borrowed, but as of August 15th, only 17,500 claims had been borrowed, which represents a drop of 20.1%.
Because an average of 33,600 shares are traded daily, the days-to-cover ratio is currently at 0.5 days. Therefore, it may be deduced from the fact that there are presently no gaps in coverage. At $2.62, the NASDAQ JFIN market opened for trade on Monday of this week. The company is estimated to be worth $141.55 million, with a price-to-earnings ratio of 1.40 and a beta value of 0.95.
The Jiayin Group hit its all-time low of $1.57 during the 52 weeks, while the firm reached its all-time high of $4.88 during the same period. For the previous 50 days, the stock price has reached a simple moving average of $2.33; for the last 200 days, that figure has reached $2.21. On June 8th, the findings of The Jiayin Group’s most recent quarterly financial report were made public through the use of the NASDAQ symbol JFIN.
Jiayin Group had a return on equity of 497.84%, while the net margin for the company was 28.66%. The sales for the quarter came in at $80.64 million, which was much more than the $62.70 million that industry analysts had projected the sales would be.
The company posted earnings of $0.28 per share during the same period the year before. In addition, Jiayin Group was recently the target of an investment by a significant investor. According to the most recent filing that Jiayin Group Inc. made with the Securities and Exchange Commission, Cambridge Investment Research Advisors Inc. completed the acquisition of Jiayin Group Inc. (NASDAQ: JFIN) during the fourth quarter of 2018. (SEC). The corporation invested nearly thirty thousand dollars in purchasing 13,650 ownership shares in the other company.
To the tune of 44.09% of the company’s shares, hedge funds and other institutional investors are the proud owners of those shares. Customers in the People’s Republic of China can access Jiayin Group Inc.’s online consumer financial services through the company. The company operates a fintech platform intended to rapidly connect individual borrowers with financing partners working at financial institutions in a secure, transparent, and encrypted manner. In addition to providing services such as software development, risk management, marketing support, and assistance with information technology, it also offers referral services for investment products that providers of financial services supply. An affiliate of the company provides these services.