Scienjoy Holding Corporation (NASDAQ:SJ) Short Interest Down 81.7% in May

Scienjoy Holding Corporation (NASDAQ:SJ) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,285 shares, a decline of 81.7% from the May 14th total of 12,465 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 101,789 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Scienjoy

An institutional investor recently raised its position in Scienjoy stock. Citadel Advisors LLC boosted its stake in shares of Scienjoy Holding Corporation (NASDAQ:SJ) by 25.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,709 shares of the company’s stock after purchasing an additional 15,540 shares during the period. Citadel Advisors LLC owned about 0.20% of Scienjoy worth $49,000 at the end of the most recent quarter. 0.32% of the stock is currently owned by institutional investors and hedge funds.

Scienjoy Stock Down 11.8%

Shares of Scienjoy stock traded down $0.12 on Friday, reaching $0.93. The company’s stock had a trading volume of 117,167 shares, compared to its average volume of 67,030. The company has a market capitalization of $36.63 million, a price-to-earnings ratio of -0.48 and a beta of 0.81. The firm’s fifty day simple moving average is $1.18 and its two-hundred day simple moving average is $1.08. Scienjoy has a 52 week low of $0.45 and a 52 week high of $1.63.

Scienjoy (NASDAQ:SJ) last posted its earnings results on Thursday, May 21st. The company reported $0.03 EPS for the quarter. The business had revenue of $40.99 million during the quarter. Scienjoy had a negative return on equity of 63.91% and a negative net margin of 46.33%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Scienjoy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Scienjoy Company Profile

Scienjoy Limited (NASDAQ: SJ) is a China-based interactive entertainment company that operates online social platforms and develops mobile gaming applications. The company’s core business centers on group video chat services and live-streaming products that facilitate multi-user interactions. Through its proprietary technologies, Scienjoy provides users with themed virtual rooms, interactive features such as filters and animations, and a range of monetization options including virtual gifting and membership subscriptions.

In addition to its social entertainment offerings, Scienjoy develops and publishes casual mobile games across Android and iOS platforms.