Yiren Digital (NYSE:YRD) Sees Large Volume Increase – Here’s What Happened

Shares of Yiren Digital Ltd. (NYSE:YRD) saw unusually-high trading volume on Monday . Approximately 122,377 shares were traded during mid-day trading, a decline of 7% from the previous session’s volume of 132,136 shares.The stock last traded at $6.82 and had previously closed at $7.57.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Yiren Digital from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 12th.

Yiren Digital Price Performance

The firm has a market cap of $625.95 million, a PE ratio of 2.46 and a beta of 0.71. The business has a 50-day simple moving average of $5.52 and a 200 day simple moving average of $5.38.

Institutional Trading of Yiren Digital

Institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd raised its holdings in Yiren Digital by 34.5% during the 3rd quarter. XTX Topco Ltd now owns 20,657 shares of the technology company’s stock valued at $118,000 after buying an additional 5,294 shares during the period. Creative Planning purchased a new position in shares of Yiren Digital during the third quarter worth approximately $89,000. Ballentine Partners LLC bought a new stake in shares of Yiren Digital during the third quarter valued at approximately $78,000. Public Employees Retirement System of Ohio bought a new position in Yiren Digital in the third quarter worth approximately $153,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Yiren Digital by 44.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 256,463 shares of the technology company’s stock worth $1,459,000 after purchasing an additional 78,415 shares during the period. 1.99% of the stock is currently owned by institutional investors.

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.