Lexin Fintech Holdings Ltd. (NASDAQ:LX – Get Rating) saw a significant increase in short-term interest in the month of September. As of September 15, there was short interest totaling 1,660,000 shares, an increase of 16.9% from the total of 1,420,000 shares as of August 31. Based on an average daily volume of 820,400 shares, the day-to-cover ratio is currently 2.0 days.
LexinFintech stock up 1.8%
Shares of LexinFintech rose $0.03 during Friday trading hours, hitting $1.69. 623,366 shares of the company were traded, against an average volume of 563,507. LexinFintech has a 1-year low of $1.64 and a 1-year high of $6.48. The stock’s fifty-day moving average is $1.95 and its 200-day moving average is $2.23. The company has a debt ratio of 0.51, a quick ratio of 1.79 and a current ratio of 1.80. The company has a market capitalization of $310.74 million, a PE ratio of 2.01 and a beta of 0.46.
LexinFintech (NASDAQ:LX – Get Rating) last released quarterly earnings data on Tuesday, August 16. The company reported earnings per share of $0.13 for the quarter, missing analyst consensus estimates of $0.23 per ($0.10). LexinFintech had a return on equity of 14.82% and a net margin of 11.64%. The company posted revenue of $360.23 million for the quarter. As a group, equity research analysts expect LexinFintech to post earnings per share of 0.77 for the current year.
Hedge funds weigh on LexinFintech
A number of institutional investors and hedge funds have recently changed their holdings in the company. GSA Capital Partners LLP acquired a new position in LexinFintech in the fourth quarter worth $218,000. The Canada Pension Plan Investment Board acquired a new position in LexinFintech in the fourth quarter worth $1,105,000. Channing Global Advisors LLC acquired a new position in LexinFintech in the fourth quarter worth $85,000. Davy Global Fund Management Ltd increased its stake in LexinFintech by 73.4% in the first quarter. Davy Global Fund Management Ltd now owns 22,444 shares in the company valued at $59,000 after acquiring an additional 9,498 shares last quarter. Finally, NTB Financial Corp increased its stake in LexinFintech by 221.2% in the first quarter. NTB Financial Corp now owns 36,300 shares of the company valued at $95,000 after acquiring an additional 25,000 shares in the last quarter. Institutional investors and hedge funds own 16.19% of the company’s shares.
About Lexin Fintech
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LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer credit services in the People’s Republic of China. The Company operates Fenqile.com, an online consumer credit and consumer finance platform that offers installment purchases and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based loan.
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