Scienjoy Holding Corporation (NASDAQ:SJ) Sees Large Drop in Short Interest

Scienjoy Holding Corporation (NASDAQ:SJ) saw a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 25,441 shares, a drop of 18.9% from the January 15th total of 31,367 shares. Based on an average daily trading volume, of 191,174 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 191,174 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Scienjoy

An institutional investor recently raised its position in Scienjoy stock. Citadel Advisors LLC boosted its holdings in Scienjoy Holding Corporation (NASDAQ:SJ) by 25.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund 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 reporting period. Institutional investors own 0.32% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Scienjoy in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Scienjoy Stock Performance

NASDAQ SJ opened at $1.26 on Wednesday. Scienjoy has a one year low of $0.45 and a one year high of $1.58. The firm’s fifty day moving average is $0.94 and its two-hundred day moving average is $0.75. The firm has a market cap of $49.66 million, a PE ratio of 25.21 and a beta of 0.90.

About Scienjoy

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.