Yiren Digital Ltd. (NYSE:YRD) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 253,700 shares, an increase of 21.4% from the December 15th total of 209,000 shares. Based on an average trading volume of 138,900 shares, the short-interest ratio is presently 1.8 days.
Institutional investors have recently added to or reduced their stakes in the company. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Yiren Digital during the 3rd quarter worth $62,000. State Street Corp purchased a new stake in Yiren Digital in the second quarter valued at $64,000. BlackRock Inc. lifted its position in Yiren Digital by 22.5% in the third quarter. BlackRock Inc. now owns 37,086 shares of the technology company’s stock valued at $112,000 after acquiring an additional 6,819 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Yiren Digital in the third quarter valued at $141,000. Finally, Millennium Management LLC lifted its position in Yiren Digital by 74.2% in the third quarter. Millennium Management LLC now owns 63,580 shares of the technology company’s stock valued at $191,000 after acquiring an additional 27,074 shares during the last quarter. 1.99% of the stock is owned by institutional investors and hedge funds.
NYSE:YRD opened at $2.91 on Wednesday. The stock has a fifty day simple moving average of $3.09. The firm has a market capitalization of $244.39 million, a P/E ratio of 11.19 and a beta of 0.55. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.23. Yiren Digital has a 52 week low of $2.43 and a 52 week high of $6.80.
Yiren Digital (NYSE:YRD) last posted its quarterly earnings results on Wednesday, November 24th. The technology company reported $0.58 EPS for the quarter. The business had revenue of $191.20 million during the quarter. Yiren Digital had a net margin of 3.19% and a return on equity of 19.52%.
Yiren Digital Company Profile
Yiren Digital Ltd. is engaged in the easy access to affordable credit and investors with attractive investment opportunities through its online marketplace. It operates through Yiren Wealth and Yiren Credit segments. The Yiren Wealth segment specifically targets the mass affluent investors and provides them with one-stop asset allocation-based wealth management solutions.
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