Yiren Digital Ltd. (NYSE:YRD) Sees Large Increase in Short Interest

Yiren Digital Ltd. (NYSE:YRD) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 193,500 shares, a growth of 24.1% from the February 13th total of 155,900 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 128,900 shares, the short-interest ratio is presently 1.5 days.

Yiren Digital Stock Up 7.3 %

Shares of YRD stock traded up $0.54 during mid-day trading on Monday, reaching $7.88. The company’s stock had a trading volume of 337,011 shares, compared to its average volume of 141,729. The company’s 50 day simple moving average is $6.12 and its 200-day simple moving average is $5.59. The firm has a market capitalization of $690.87 million, a PE ratio of 2.72 and a beta of 0.65. Yiren Digital has a 12-month low of $4.12 and a 12-month high of $9.20.

Hedge Funds Weigh In On Yiren Digital

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew its stake in shares of Yiren Digital by 43.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 38,528 shares of the technology company’s stock valued at $185,000 after acquiring an additional 11,583 shares in the last quarter. Two Sigma Investments LP bought a new position in Yiren Digital during the 4th quarter valued at $61,000. AXA S.A. grew its holdings in Yiren Digital by 80.7% during the 4th quarter. AXA S.A. now owns 11,562 shares of the technology company’s stock worth $55,000 after acquiring an additional 5,165 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Yiren Digital by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,088,920 shares of the technology company’s stock worth $5,225,000 after purchasing an additional 30,641 shares during the last quarter. Finally, Invesco Ltd. acquired a new stake in shares of Yiren Digital in the 4th quarter valued at about $71,000. 1.99% of the stock is owned by institutional investors and hedge funds.

Yiren Digital Company Profile

Yiren Digital Ltd. provides financial services through an AI-powered platform in China. Its platform provides a suite of financial and lifestyle services. The company offers financial services, which provides a portfolio of loan products to borrowers; insurance brokerage services; and consumption and lifestyle services, including non-financial products and services to meet various consumer needs.