X Financial (NYSE:XYF) Short Interest Up 163.5% in March

X Financial (NYSE:XYF) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 127,800 shares, a growth of 163.5% from the March 15th total of 48,500 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 177,700 shares, the days-to-cover ratio is currently 0.7 days.

X Financial Trading Down 0.4 %

NYSE:XYF traded down $0.05 on Wednesday, hitting $11.42. The company’s stock had a trading volume of 62,989 shares, compared to its average volume of 68,634. The stock has a fifty day moving average of $11.67 and a two-hundred day moving average of $8.82. X Financial has a one year low of $3.68 and a one year high of $17.70. The firm has a market capitalization of $558.73 million, a P/E ratio of 3.01 and a beta of -0.10.

X Financial (NYSE:XYF) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $1.13 EPS for the quarter. X Financial had a return on equity of 20.66% and a net margin of 25.03%. The firm had revenue of $234.09 million for the quarter.

X Financial Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 20th will be given a dividend of $0.25 per share. This represents a dividend yield of 2.6%. This is an increase from X Financial’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Friday, June 20th. X Financial’s dividend payout ratio is presently 7.36%.

X Financial Company Profile

X Financial provides personal finance services in the People’s Republic of China. The company offers services as an online marketplace connecting borrowers and investors or institutional funding partners. Its loan products include Xiaoying credit loan, which consists of Xiaoying card loan; and Xiaoying preferred loan to small business owners.