LexinFintech Holdings Ltd. (NASDAQ:LX) Short Interest Up 21.4% in January

LexinFintech Holdings Ltd. (NASDAQ:LX) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 6,980,000 shares, an increase of 21.4% from the January 15th total of 5,750,000 shares. Based on an average daily volume of 3,510,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 5.4% of the shares of the stock are sold short.

LexinFintech Trading Down 5.0 %

Shares of NASDAQ:LX traded down $0.43 during trading on Friday, reaching $8.20. The stock had a trading volume of 3,987,451 shares, compared to its average volume of 2,625,193. The firm’s fifty day moving average is $6.63 and its 200 day moving average is $4.06. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. LexinFintech has a 52 week low of $1.56 and a 52 week high of $9.00. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 13.02 and a beta of 0.66.

LexinFintech (NASDAQ:LX) last released its earnings results on Monday, November 25th. The company reported $0.26 earnings per share (EPS) for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of LexinFintech from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th.

Hedge Funds Weigh In On LexinFintech

Several institutional investors have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. boosted its position in LexinFintech by 25.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,107,663 shares of the company’s stock worth $3,013,000 after purchasing an additional 226,479 shares during the period. Public Employees Retirement System of Ohio bought a new position in LexinFintech during the third quarter worth about $467,000. E Fund Management Hong Kong Co. Ltd. bought a new position in LexinFintech during the fourth quarter worth about $445,000. Walleye Capital LLC boosted its position in shares of LexinFintech by 235.5% in the third quarter. Walleye Capital LLC now owns 726,588 shares of the company’s stock valued at $1,976,000 after acquiring an additional 510,014 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of LexinFintech in the third quarter valued at approximately $397,000.

LexinFintech Company Profile

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.