Lufax Holding Ltd. Sponsored ADR (NYSE:LU) Short Interest Update

Lufax Holding Ltd. Sponsored ADR (NYSE:LU) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 3,563,512 shares, a growth of 28.5% from the January 29th total of 2,772,453 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 1,601,626 shares, the short-interest ratio is currently 2.2 days. Based on an average daily volume of 1,601,626 shares, the short-interest ratio is currently 2.2 days. Currently, 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On Lufax

Large investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new stake in Lufax during the 4th quarter valued at about $96,000. XTX Topco Ltd purchased a new stake in shares of Lufax during the fourth quarter valued at approximately $246,000. Millennium Management LLC grew its holdings in shares of Lufax by 529.8% during the fourth quarter. Millennium Management LLC now owns 259,472 shares of the company’s stock valued at $664,000 after buying an additional 218,275 shares during the last quarter. Amundi increased its position in shares of Lufax by 44.4% during the fourth quarter. Amundi now owns 93,820 shares of the company’s stock valued at $240,000 after acquiring an additional 28,842 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in Lufax by 4.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 239,900 shares of the company’s stock worth $614,000 after acquiring an additional 9,188 shares during the last quarter. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Lufax from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Lufax Trading Down 0.4%

Shares of Lufax stock opened at $2.42 on Thursday. Lufax has a 12 month low of $2.30 and a 12 month high of $4.57. The firm has a market capitalization of $2.10 billion, a P/E ratio of -3.10 and a beta of 0.64. The business has a fifty day simple moving average of $2.69 and a two-hundred day simple moving average of $2.91.

Lufax (NYSE:LU) last issued its quarterly earnings results on Wednesday, March 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.19). The company had revenue of $724.89 million for the quarter, compared to the consensus estimate of $761.36 million. Analysts predict that Lufax will post -0.41 earnings per share for the current year.

About Lufax

Lufax (NYSE: LU) is a leading provider of online wealth management and personal finance services in China. Established in 2011 as a spin-off from Ping An Insurance (Group) Company of China, Lufax has developed a digital ecosystem designed to match retail and institutional investors with a diverse array of financial products. The company went public on the New York Stock Exchange in October 2020, underscoring its ambition to expand beyond its domestic market.

The firm’s core business activities include peer-to-peer lending, consumer finance, supply chain and small-business lending, as well as online asset management.