Short Interest in Yiren Digital Ltd. (NYSE:YRD) Drops By 37.2%

Yiren Digital Ltd. (NYSE:YRD) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 269,100 shares, a decrease of 37.2% from the March 15th total of 428,200 shares. Based on an average daily volume of 292,500 shares, the short-interest ratio is presently 0.9 days.

Shares of NYSE:YRD traded up $0.09 on Friday, reaching $3.73. 83,128 shares of the company traded hands, compared to its average volume of 277,301. The company has a current ratio of 3.42, a quick ratio of 3.42 and a debt-to-equity ratio of 0.05. Yiren Digital has a 52 week low of $2.70 and a 52 week high of $6.80. The business’s 50-day simple moving average is $4.66 and its 200 day simple moving average is $3.92. The stock has a market capitalization of $346.17 million, a P/E ratio of 5.83 and a beta of 1.36.

Yiren Digital (NYSE:YRD) last announced its quarterly earnings data on Thursday, April 1st. The technology company reported $0.18 earnings per share for the quarter. Yiren Digital had a net margin of 6.80% and a return on equity of 10.44%. The company had revenue of $177.91 million during the quarter.

Separately, TheStreet upgraded Yiren Digital from a “d+” rating to a “c-” rating in a research report on Friday, February 12th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Truist Financial Corp lifted its stake in Yiren Digital by 14.3% in the 4th quarter. Truist Financial Corp now owns 32,808 shares of the technology company’s stock worth $110,000 after purchasing an additional 4,105 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Yiren Digital during the 3rd quarter valued at about $44,000. Virtu Financial LLC bought a new position in Yiren Digital during the 4th quarter valued at about $52,000. Dimensional Fund Advisors LP grew its stake in Yiren Digital by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 859,040 shares of the technology company’s stock worth $2,870,000 after acquiring an additional 29,582 shares in the last quarter. Finally, Susquehanna International Group LLP grew its stake in Yiren Digital by 211.1% in the 4th quarter. Susquehanna International Group LLP now owns 53,501 shares of the technology company’s stock worth $178,000 after acquiring an additional 36,301 shares in the last quarter. Institutional investors own 4.92% of the company’s stock.

About Yiren Digital

Yiren Digital Ltd., through its subsidiaries, operates as an online consumer finance marketplace that connects borrowers and investors primarily in the People's Republic of China. The company provides loan facilitation services; post-origination services, such as cash processing, collection, and SMS services; and automated investing tool for investors to invest in loans through its marketplace, and self-directed investing tool that enables investors to select lending opportunities to approved borrowers that are posted on its marketplace.

Further Reading: Trading on Margin

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