Yirendai Ltd. (NYSE:YRD) Sees Large Growth in Short Interest

Yirendai Ltd. (NYSE:YRD) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 63,943 shares, an increase of 54.4% from the January 15th total of 41,414 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 62,038 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 62,038 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.1% of the company’s stock are short sold.

Yirendai Stock Performance

YRD stock traded down $0.02 during trading on Monday, reaching $3.64. The company had a trading volume of 15,495 shares, compared to its average volume of 52,389. The company has a market cap of $314.10 million, a price-to-earnings ratio of 1.83 and a beta of 0.90. Yirendai has a twelve month low of $3.60 and a twelve month high of $8.74. The firm has a 50-day simple moving average of $4.04 and a 200-day simple moving average of $5.08.

Yirendai (NYSE:YRD) last announced its quarterly earnings data on Tuesday, November 25th. The technology company reported $0.51 earnings per share for the quarter. Yirendai had a return on equity of 12.66% and a net margin of 20.19%.The business had revenue of $218.42 million for the quarter.

Institutional Investors Weigh In On Yirendai

A number of large investors have recently modified their holdings of the business. Arete Wealth Advisors LLC purchased a new stake in Yirendai in the 4th quarter valued at $37,000. Catalyst Funds Management Pty Ltd grew its holdings in shares of Yirendai by 13.6% in the second quarter. Catalyst Funds Management Pty Ltd now owns 15,900 shares of the technology company’s stock valued at $93,000 after purchasing an additional 1,900 shares during the period. American Century Companies Inc. increased its position in Yirendai by 35.7% during the second quarter. American Century Companies Inc. now owns 23,799 shares of the technology company’s stock worth $140,000 after purchasing an additional 6,261 shares during the last quarter. Raymond James Financial Inc. raised its stake in Yirendai by 5,362.0% during the third quarter. Raymond James Financial Inc. now owns 27,310 shares of the technology company’s stock worth $162,000 after purchasing an additional 26,810 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in Yirendai by 6.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 49,229 shares of the technology company’s stock valued at $292,000 after purchasing an additional 2,933 shares during the last quarter. Hedge funds and other institutional investors own 1.99% of the company’s stock.

About Yirendai

Yirendai Ltd is a leading fintech credit marketplace in China, offering consumer financing solutions through a digital platform. As a subsidiary of CreditEase, one of the country’s earliest peer-to-peer lending pioneers, Yirendai facilitates connections between individual borrowers and institutional or retail investors. The company’s integrated platform handles borrower screening, credit assessment, risk management and loan servicing to deliver a streamlined, transparent lending experience.

The company provides unsecured personal loans for purposes such as debt consolidation, home improvement and small business investment.