X Financial (NYSE:XYF) Short Interest Down 17.9% in November

X Financial (NYSE:XYF) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 19,300 shares, a decrease of 17.9% from the October 31st total of 23,500 shares. Based on an average daily volume of 36,300 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of X Financial

A hedge fund recently raised its stake in X Financial stock. Acadian Asset Management LLC raised its position in shares of X Financial (NYSE:XYF) by 23.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,278 shares of the company’s stock after acquiring an additional 10,684 shares during the period. Acadian Asset Management LLC owned approximately 0.12% of X Financial worth $237,000 as of its most recent SEC filing. Institutional investors and hedge funds own 1.15% of the company’s stock.

X Financial Stock Up 4.4 %

Shares of XYF stock opened at $7.58 on Monday. X Financial has a 12 month low of $3.48 and a 12 month high of $8.59. The company has a market cap of $370.89 million, a PE ratio of 2.00 and a beta of 0.35. The business’s 50 day moving average is $6.58 and its two-hundred day moving average is $5.15.

About X Financial

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.