LexinFintech Holdings Ltd. (NASDAQ:LX) Short Interest Sees Significant Increase in January

LexinFintech Holdings Ltd. (NASDAQ:LX) experienced a substantial rise in short interest during January. As of January 31st, the total short interest reached 6,980,000 shares. This marks an increase of 21.4% from the 5,750,000 shares reported on January 15th. Given the average daily trading volume of 3,510,000 shares, the current days-to-cover ratio stands at 2.0 days. Currently, 5.4% of LexinFintech's shares are sold short.

Trading Performance of LexinFintech

On the last trading day, LexinFintech shares fell by 5% to $8.20. The trading volume for that day was 3,987,451 shares, which is significantly higher than the average volume of 2,625,193 shares. The company's fifty-day moving average is $6.63, while the 200-day moving average is $4.06. LexinFintech has a market capitalization of $1.35 billion, a price-to-earnings ratio of 13.02, and a beta of 0.66. The company's debt-to-equity ratio is 0.10, demonstrating a strong financial position. LexinFintech's share price has fluctuated between a 52-week low of $1.56 and a high of $9.00.

Recent Financial Results

In its latest earnings report released on November 25th, LexinFintech reported an earnings per share (EPS) of $0.26 for the quarter. The company achieved a net margin of 5.34% and a return on equity of 7.47%, reflecting a positive financial performance.

Analysts Adjust Their Ratings

Recently, Citigroup upgraded LexinFintech's rating from "neutral" to "buy" in a research report published on November 26th, indicating increased investor confidence in the company's prospects.

Institutional Investors' Activity

Several institutional investors have recently adjusted their positions in LexinFintech. Connor Clark & Lunn Investment Management Ltd. increased its stake by 25.7% in the third quarter. It now owns 1,107,663 shares worth approximately $3,013,000 after acquiring an additional 226,479 shares. Additionally, the Public Employees Retirement System of Ohio and E Fund Management Hong Kong Co. Ltd. made new investments in LexinFintech, while Walleye Capital LLC enhanced its position by 235.5% during the same quarter. Quadrature Capital Ltd also invested in the company.

Company Overview

LexinFintech Holdings Ltd. offers online consumer finance services in the People's Republic of China through its subsidiaries. It operates Fenqile.com, a platform for installment purchases and personal loans, along with the Le Hua Card, which provides scenario-based lending options.

LexinFintech, Earnings, Stocks