X Financial (NYSE:XYF) Short Interest Up 1,210.8% in March

X Financial (NYSE:XYF) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 48,500 shares, an increase of 1,210.8% from the February 28th total of 3,700 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 95,800 shares, the short-interest ratio is currently 0.5 days.

X Financial Price Performance

Shares of NYSE XYF traded up $0.68 during mid-day trading on Thursday, hitting $15.99. 937,956 shares of the company’s stock traded hands, compared to its average volume of 127,224. X Financial has a 1 year low of $3.48 and a 1 year high of $17.70. The company’s 50-day moving average is $9.89 and its two-hundred day moving average is $7.91. The company has a market capitalization of $782.33 million, a P/E ratio of 4.22 and a beta of 0.45.

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

X Financial Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 20th will be paid a dividend of $0.25 per share. This represents a yield of 2.6%. This is a positive change from X Financial’s previous semi-annual dividend of $0.17. The ex-dividend date is Friday, June 20th. X Financial’s 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.