Short Interest in FinVolution Group (NYSE:FINV) Expands By 7.1%

FinVolution Group (NYSE:FINV) saw a large increase in short interest in July. As of July 15th, there was short interest totalling 1,500,000 shares, an increase of 7.1% from the June 30th total of 1,400,000 shares. Based on an average daily volume of 587,700 shares, the short-interest ratio is presently 2.6 days. Currently, 1.0% of the shares of the stock are short sold.

FinVolution Group Price Performance

FINV stock traded down $0.25 during trading on Thursday, reaching $5.33. 383,821 shares of the company were exchanged, compared to its average volume of 711,191. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 4.95 and a beta of 0.44. The company has a 50-day moving average of $4.88 and a two-hundred day moving average of $4.93. FinVolution Group has a twelve month low of $4.22 and a twelve month high of $6.05.

FinVolution Group (NYSE:FINV) last announced its quarterly earnings results on Wednesday, May 15th. The company reported $0.29 EPS for the quarter. The company had revenue of $438.36 million during the quarter. FinVolution Group had a return on equity of 16.91% and a net margin of 17.15%.

Institutional Trading of FinVolution Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC bought a new stake in shares of FinVolution Group in the second quarter worth $270,000. SG Americas Securities LLC bought a new stake in shares of FinVolution Group in the 2nd quarter valued at about $472,000. Caxton Associates LP increased its stake in shares of FinVolution Group by 90.4% in the first quarter. Caxton Associates LP now owns 135,963 shares of the company’s stock valued at $685,000 after buying an additional 64,550 shares during the period. SVB Wealth LLC bought a new position in shares of FinVolution Group during the first quarter worth about $80,000. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of FinVolution Group by 54.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 713,690 shares of the company’s stock worth $3,597,000 after acquiring an additional 250,967 shares during the period. 31.15% of the stock is currently owned by institutional investors.

FinVolution Group Company Profile

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.