Yirendai Ltd. (NYSE:YRD) Short Interest Update

Yirendai Ltd. (NYSE:YRD) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 36,807 shares, a drop of 16.1% from the November 30th total of 43,894 shares. Based on an average trading volume of 62,756 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 62,756 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Yirendai

Large investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Yirendai by 3.3% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 407,125 shares of the technology company’s stock worth $2,390,000 after purchasing an additional 13,138 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Yirendai during the 3rd quarter valued at about $337,000. Public Employees Retirement System of Ohio lifted its position 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 worth $292,000 after buying an additional 2,933 shares during the last quarter. Trexquant Investment LP boosted its stake in Yirendai by 48.8% in the first quarter. Trexquant Investment LP now owns 42,619 shares of the technology company’s stock worth $293,000 after buying an additional 13,973 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in Yirendai by 5,362.0% in the third quarter. Raymond James Financial Inc. now owns 27,310 shares of the technology company’s stock worth $162,000 after buying an additional 26,810 shares in the last quarter. Hedge funds and other institutional investors own 1.99% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Yirendai in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Yirendai presently has an average rating of “Hold”.

Yirendai Price Performance

Shares of YRD opened at $3.73 on Wednesday. Yirendai has a 1-year low of $3.71 and a 1-year high of $8.74. The company has a market capitalization of $321.88 million, a P/E ratio of 1.87 and a beta of 0.83. The firm’s 50 day simple moving average is $4.79 and its 200 day simple moving average is $5.58.

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

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.