Yiren Digital Ltd. (NYSE:YRD – Get Rating) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 25,700 shares, a decrease of 35.6% from the April 15th total of 39,900 shares. Based on an average trading volume of 53,800 shares, the short-interest ratio is currently 0.5 days.
Hedge Funds Weigh In On Yiren Digital
Several institutional investors have recently added to or reduced their stakes in YRD. Citadel Advisors LLC acquired a new position in Yiren Digital in the third quarter valued at $26,000. Envestnet Asset Management Inc. lifted its holdings in shares of Yiren Digital by 24.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 31,505 shares of the technology company’s stock worth $43,000 after acquiring an additional 6,098 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Yiren Digital by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 854,757 shares of the technology company’s stock worth $2,173,000 after acquiring an additional 6,293 shares during the period. 1.49% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of Yiren Digital from a “hold” rating to a “buy” rating in a research report on Friday, March 24th.
Yiren Digital Price Performance
Shares of NYSE:YRD opened at $2.50 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.73 and a current ratio of 4.73. Yiren Digital has a 52-week low of $0.67 and a 52-week high of $3.85. The stock’s fifty day simple moving average is $2.31 and its 200-day simple moving average is $2.10.
About Yiren Digital
Yiren Digital Ltd. engages in the easy access to affordable credit and investors with attractive investment opportunities through its online marketplace. It operates through Yiren Wealth and Yiren Credit segments. The Yiren Wealth segment specifically targets the mass affluent investors and provides them with one-stop asset allocation-based wealth management solutions.