FinVolution Group (NYSE:FINV – Get Free Report) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 1,720,000 shares, a growth of 22.9% from the November 30th total of 1,400,000 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average daily volume of 786,800 shares, the days-to-cover ratio is currently 2.2 days.
FinVolution Group Price Performance
FINV traded down $0.01 on Tuesday, reaching $6.79. 350,361 shares of the company traded hands, compared to its average volume of 702,175. FinVolution Group has a 52-week low of $4.45 and a 52-week high of $7.29. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 5.85 and a beta of 0.48. The stock’s 50 day moving average price is $6.46 and its 200-day moving average price is $5.77.
Institutional Trading of FinVolution Group
A number of institutional investors have recently bought and sold shares of FINV. SYM FINANCIAL Corp bought a new stake in FinVolution Group in the second quarter worth approximately $54,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of FinVolution Group in the 3rd quarter valued at $58,000. Quadrature Capital Ltd bought a new stake in FinVolution Group in the third quarter worth $94,000. Blue Trust Inc. increased its position in FinVolution Group by 246.8% during the third quarter. Blue Trust Inc. now owns 15,754 shares of the company’s stock worth $97,000 after buying an additional 11,211 shares during the last quarter. Finally, Ascent Group LLC acquired a new position in FinVolution Group during the third quarter worth $103,000. Institutional investors and hedge funds own 31.15% of the company’s stock.
FinVolution Group Company Profile
FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.
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