X Financial Sponsored ADR (NYSE:XYF) Short Interest Update

X Financial Sponsored ADR (NYSE:XYF) was the target of a significant decline in short interest in the month of August. As of August 15th, there was short interest totaling 172,400 shares, a decline of 19.3% from the July 31st total of 213,600 shares. Based on an average trading volume of 429,200 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 429,200 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of X Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 22nd.

Institutional Trading of X Financial

Institutional investors and hedge funds have recently modified their holdings of the business. Jump Financial LLC purchased a new stake in shares of X Financial in the second quarter valued at about $697,000. Hhlr Advisors LTD. purchased a new stake in shares of X Financial in the first quarter valued at about $720,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of X Financial by 29.4% in the first quarter. Acadian Asset Management LLC now owns 107,272 shares of the company’s stock valued at $1,534,000 after purchasing an additional 24,395 shares in the last quarter. Hedge funds and other institutional investors own 1.15% of the company’s stock.

X Financial Trading Down 0.1%

Shares of XYF opened at $13.79 on Wednesday. The firm’s 50-day moving average is $15.77 and its two-hundred day moving average is $14.85. X Financial has a twelve month low of $4.53 and a twelve month high of $20.35. The firm has a market capitalization of $576.15 million, a P/E ratio of 2.58 and a beta of 0.30.

X Financial (NYSE:XYF) last issued its earnings results on Monday, August 18th. The company reported $1.85 earnings per share for the quarter. X Financial had a net margin of 23.30% and a return on equity of 25.42%. The company had revenue of $317.32 million for the quarter.

X Financial Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be issued a $0.28 dividend. This represents a dividend yield of 330.0%. This is a boost from X Financial’s previous semi-annual dividend of $0.25. The ex-dividend date of this dividend is Friday, September 26th. X Financial’s payout ratio is currently 8.99%.

X Financial Company Profile

X Financial provides personal finance services in the People’s Republic of China. The company offers services as an online marketplace connecting borrowers and investors or institutional funding partners. Its loan products include Xiaoying credit loan, which consists of Xiaoying card loan; and Xiaoying preferred loan to small business owners.