FinVolution Group (NYSE:FINV – Get Free Report) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 2,490,000 shares, a growth of 32.4% from the January 31st total of 1,880,000 shares. Based on an average trading volume of 818,100 shares, the short-interest ratio is presently 3.0 days. Approximately 1.7% of the shares of the stock are short sold.
FinVolution Group Stock Down 0.7 %
NYSE:FINV traded down $0.05 during midday trading on Tuesday, hitting $8.06. The company had a trading volume of 658,149 shares, compared to its average volume of 710,174. The stock’s fifty day moving average price is $7.57 and its 200-day moving average price is $6.61. FinVolution Group has a 52-week low of $4.45 and a 52-week high of $8.78. The company has a market capitalization of $2.14 billion, a PE ratio of 6.94 and a beta of 0.49.
Institutional Trading of FinVolution Group
Several institutional investors have recently added to or reduced their stakes in FINV. Leading Securities Co Ltd purchased a new stake in FinVolution Group during the fourth quarter valued at about $14,091,000. Norges Bank purchased a new stake in FinVolution Group during the fourth quarter valued at about $6,360,000. Prudential PLC purchased a new stake in FinVolution Group during the fourth quarter valued at about $3,370,000. Mackenzie Financial Corp purchased a new stake in FinVolution Group during the fourth quarter valued at about $3,342,000. Finally, Renaissance Group LLC purchased a new stake in FinVolution Group during the fourth quarter valued at about $2,732,000. 31.15% of the stock is currently owned by hedge funds and other institutional investors.
FinVolution Group Company Profile
FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.
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