Short Interest in X Financial (NYSE:XYF) Increases By 28.2%

X Financial (NYSE:XYF) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 20,000 shares, a growth of 28.2% from the August 15th total of 15,600 shares. Based on an average daily trading volume, of 174,000 shares, the days-to-cover ratio is presently 0.1 days.

Several institutional investors have recently added to or reduced their stakes in XYF. State Street Corp boosted its position in shares of X Financial by 27.9% in the 1st quarter. State Street Corp now owns 152,032 shares of the company’s stock worth $160,000 after buying an additional 33,161 shares in the last quarter. Acadian Asset Management LLC purchased a new position in X Financial in the 1st quarter valued at about $35,000. BlackRock Inc. lifted its holdings in X Financial by 5.2% in the 1st quarter. BlackRock Inc. now owns 456,223 shares of the company’s stock valued at $479,000 after purchasing an additional 22,366 shares in the last quarter. Finally, Sei Investments Co. purchased a new position in X Financial in the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 1.19% of the company’s stock.

Shares of NYSE:XYF traded up $0.01 on Wednesday, reaching $0.62. 70,259 shares of the company were exchanged, compared to its average volume of 91,867. X Financial has a 1-year low of $0.61 and a 1-year high of $3.16. The firm has a market cap of $97.54 million, a price-to-earnings ratio of -2.12 and a beta of 0.87. The company has a 50-day moving average of $0.75 and a 200-day moving average of $0.90.

X Financial (NYSE:XYF) last released its quarterly earnings data on Tuesday, June 30th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.23). X Financial had a negative return on equity of 7.87% and a negative net margin of 13.41%. The business had revenue of $74.52 million during the quarter.

Several brokerages have issued reports on XYF. Zacks Investment Research cut shares of X Financial from a “hold” rating to a “sell” rating in a research note on Friday, July 24th. ValuEngine raised shares of X Financial from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 19th.

About X Financial

X Financial provides personal finance services in the People's Republic of China. The company offers a suite of products connecting borrowers and investors through a proprietary Internet platform. It provides loan products, which include Xiaoying card loan and Xiaoying preferred loan; and investment opportunities through wealth management platform, Xiaoying wealth management with insurance protection.

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