Pintec Technology Holdings Ltd. (NASDAQ:PT) Short Interest Update

Pintec Technology Holdings Ltd. (NASDAQ:PT) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 31,614 shares, a drop of 30.8% from the December 15th total of 45,654 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 79,730 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 79,730 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Pintec Technology

A hedge fund recently bought a new stake in Pintec Technology stock. Virtu Financial LLC acquired a new stake in Pintec Technology Holdings Ltd. (NASDAQ:PT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 49,986 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned approximately 0.32% of Pintec Technology as of its most recent SEC filing. 6.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Pintec Technology in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Pintec Technology Stock Up 26.6%

Shares of PT stock opened at $1.23 on Friday. The stock has a 50-day moving average of $0.99 and a 200-day moving average of $0.97. Pintec Technology has a one year low of $0.76 and a one year high of $1.38.

Pintec Technology Company Profile

Pintec Technology Holdings Limited, founded in 2008 and headquartered in Beijing, is a leading fintech company that provides technology-enabled financial solutions to banks, consumer finance companies and other financial institutions in China. Its core business revolves around an origination-as-a-service platform that enables partners to quickly launch and manage digital lending and wealth management products. This platform covers the entire credit lifecycle, including customer acquisition, credit decisioning, risk management and post-loan servicing.

In addition to its fintech platform business, Pintec operates a content-based marketing platform that harnesses big data analytics and AI-driven algorithms to match financial service providers with potential customers through online media, social networks and other digital channels.