Yiren Digital (NYSE:YRD) Sees Large Volume Increase – Here’s What Happened

Yiren Digital Ltd. (NYSE:YRD) saw an uptick in trading volume on Monday . 243,146 shares were traded during mid-day trading, an increase of 70% from the previous session’s volume of 142,767 shares.The stock last traded at $8.12 and had previously closed at $7.34.

Yiren Digital Trading Up 1.8 %

The company has a market capitalization of $705.78 million, a PE ratio of 2.77 and a beta of 0.65. The business’s fifty day moving average is $6.18 and its two-hundred day moving average is $5.62.

Institutional Investors Weigh In On Yiren Digital

A number of hedge funds have recently added to or reduced their stakes in YRD. Connor Clark & Lunn Investment Management Ltd. raised its stake in Yiren Digital by 33.3% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 341,877 shares of the technology company’s stock valued at $1,641,000 after buying an additional 85,414 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Yiren Digital by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,088,920 shares of the technology company’s stock valued at $5,225,000 after buying an additional 30,641 shares during the last quarter. Trexquant Investment LP purchased a new stake in Yiren Digital during the 4th quarter valued at $138,000. Public Employees Retirement System of Ohio purchased a new stake in Yiren Digital during the 3rd quarter valued at $153,000. Finally, American Century Companies Inc. purchased a new stake in Yiren Digital during the 4th quarter valued at $107,000. 1.99% of the stock is currently owned by hedge funds and other institutional investors.

Yiren Digital Company Profile

Yiren Digital Ltd. provides financial services through an AI-powered platform in China. Its platform provides a suite of financial and lifestyle services. The company offers financial services, which provides a portfolio of loan products to borrowers; insurance brokerage services; and consumption and lifestyle services, including non-financial products and services to meet various consumer needs.