Jiayin Group (NASDAQ:JFIN) Shares Gap Up – Here’s What Happened

Shares of Jiayin Group Inc. (NASDAQ:JFIN) gapped up prior to trading on Tuesday . The stock had previously closed at $7.07, but opened at $8.87. Jiayin Group shares last traded at $9.65, with a volume of 283,116 shares changing hands.

Jiayin Group Trading Up 27.2 %

The company has a 50-day moving average price of $8.07 and a two-hundred day moving average price of $6.97. The stock has a market capitalization of $482.68 million, a P/E ratio of 3.05 and a beta of 0.89.

Hedge Funds Weigh In On Jiayin Group

Institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new stake in shares of Jiayin Group during the 4th quarter worth approximately $109,000. Renaissance Technologies LLC lifted its position in shares of Jiayin Group by 10.3% during the 4th quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock valued at $123,000 after acquiring an additional 1,799 shares during the period. Finally, LPL Financial LLC bought a new position in Jiayin Group during the fourth quarter worth $174,000. 44.08% of the stock is owned by institutional investors and hedge funds.

Jiayin Group Company Profile

Jiayin Group Inc, together with its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates a fintech platform that facilitates connections between individual borrowers and financial institutions. It also offers referral services for investment products offered by the financial service providers; and technology development and services, as well as guarantee services.