Short Interest in FinVolution Group (NYSE:FINV) Expands By 8.6%

FinVolution Group (NYSE:FINV) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 1,640,000 shares, a growth of 8.6% from the August 31st total of 1,510,000 shares. Based on an average daily volume of 583,900 shares, the days-to-cover ratio is currently 2.8 days. Approximately 1.1% of the company’s shares are sold short.

Institutional Trading of FinVolution Group

A number of hedge funds have recently modified their holdings of FINV. Acadian Asset Management LLC boosted its position in FinVolution Group by 12.5% during the second quarter. Acadian Asset Management LLC now owns 2,861,280 shares of the company’s stock worth $13,634,000 after acquiring an additional 317,682 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in 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 acquiring an additional 315,366 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in FinVolution Group by 54.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 713,690 shares of the company’s stock valued at $3,597,000 after buying an additional 250,967 shares during the last quarter. American Century Companies Inc. raised its position in shares of FinVolution Group by 5.9% during the 2nd quarter. American Century Companies Inc. now owns 699,574 shares of the company’s stock worth $3,337,000 after acquiring an additional 39,252 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of FinVolution Group by 155.9% during the 1st quarter. Russell Investments Group Ltd. now owns 503,756 shares of the company’s stock worth $2,539,000 after buying an additional 306,903 shares during the last quarter. Hedge funds and other institutional investors own 31.15% of the company’s stock.

FinVolution Group Stock Up 3.1 %

FINV traded up $0.19 during trading hours on Tuesday, reaching $6.37. 1,902,058 shares of the company’s stock traded hands, compared to its average volume of 701,208. The firm has a 50-day moving average price of $5.46 and a 200 day moving average price of $5.10. FinVolution Group has a 52-week low of $4.22 and a 52-week high of $6.45. The firm has a market capitalization of $1.69 billion, a PE ratio of 5.84 and a beta of 0.43.

FinVolution Group (NYSE:FINV) last announced its earnings results on Tuesday, August 20th. The company reported $0.30 earnings per share for the quarter. FinVolution Group had a net margin of 17.00% and a return on equity of 16.57%. The company had revenue of $435.93 million during the quarter.

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.