FinVolution Group (NYSE:FINV) Short Interest Update

FinVolution Group (NYSE:FINV) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 1,940,000 shares, a growth of 12.8% from the December 31st total of 1,720,000 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily volume of 645,000 shares, the days-to-cover ratio is currently 3.0 days.

Institutional Investors Weigh In On FinVolution Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in shares of FinVolution Group by 16.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,242,306 shares of the company’s stock worth $10,689,000 after purchasing an additional 315,366 shares during the period. Creative Planning grew its stake in FinVolution Group by 15.9% during the 3rd quarter. Creative Planning now owns 67,288 shares of the company’s stock worth $416,000 after buying an additional 9,243 shares during the last quarter. Blue Trust Inc. grew its stake in shares of FinVolution Group by 246.8% in the third quarter. Blue Trust Inc. now owns 15,754 shares of the company’s stock worth $97,000 after purchasing an additional 11,211 shares in the last quarter. QRG Capital Management Inc. boosted its stake in FinVolution Group by 4.5% during the third quarter. QRG Capital Management Inc. now owns 64,945 shares of the company’s stock valued at $401,000 after buying an additional 2,775 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of FinVolution Group during the third quarter valued at $261,000. Institutional investors and hedge funds own 31.15% of the company’s stock.

FinVolution Group Stock Performance

FINV stock traded down $0.10 during midday trading on Monday, reaching $7.55. 725,894 shares of the company were exchanged, compared to its average volume of 773,357. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 6.50 and a beta of 0.50. The stock’s 50-day simple moving average is $6.95 and its 200 day simple moving average is $6.16. FinVolution Group has a 1-year low of $4.45 and a 1-year high of $7.97.

About FinVolution Group

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.