Short Interest in Yiren Digital Ltd. (NYSE:YRD) Expands By 18.8%

Yiren Digital Ltd. (NYSE:YRD) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 210,100 shares, a growth of 18.8% from the March 15th total of 176,800 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 169,300 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in YRD. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Yiren Digital by 33.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 341,877 shares of the technology company’s stock valued at $1,641,000 after purchasing an additional 85,414 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Yiren Digital by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,088,920 shares of the technology company’s stock worth $5,225,000 after buying an additional 30,641 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Yiren Digital in the 4th quarter worth approximately $138,000. Public Employees Retirement System of Ohio bought a new position in shares of Yiren Digital in the third quarter valued at approximately $153,000. Finally, American Century Companies Inc. acquired a new position in shares of Yiren Digital during the fourth quarter valued at approximately $107,000. Institutional investors and hedge funds own 1.99% of the company’s stock.

Yiren Digital Price Performance

Shares of NYSE YRD traded down $0.06 during mid-day trading on Monday, hitting $5.64. The company had a trading volume of 63,255 shares, compared to its average volume of 145,024. Yiren Digital has a 12 month low of $4.12 and a 12 month high of $9.20. The stock has a market cap of $494.79 million, a price-to-earnings ratio of 1.94 and a beta of 0.66. The firm’s 50 day simple moving average is $6.68 and its two-hundred day simple moving average is $5.85.

Yiren Digital (NYSE:YRD) last released its quarterly earnings results on Thursday, March 20th. The technology company reported $0.52 EPS for the quarter. The business had revenue of $198.95 million during the quarter. Yiren Digital had a net margin of 32.37% and a return on equity of 20.85%.

Yiren Digital Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be issued a $0.22 dividend. This represents a yield of 2.6%. This is a positive change from Yiren Digital’s previous semi-annual dividend of $0.20. The ex-dividend date of this dividend is Wednesday, April 30th. Yiren Digital’s dividend payout ratio is 15.94%.

About Yiren Digital

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.