LexinFintech Holdings Ltd. (NASDAQ:LX) Short Interest Update


LexinFintech Holdings Ltd. (NASDAQ:LX – Get Rating) saw a significant spike in short interest in September. As of September 15, there was short interest totaling 1,660,000 shares, an increase of 16.9% from the August 31 total of 1,420,000 shares. Based on an average daily volume of 820,400 shares, the days-to-cover ratio is currently 2.0 days.

LexinFintech stock up 1.8%

LexinFintech shares rose $0.03 during trading hours on Friday to hit $1.69. 623,366 shares of the Company were exchanged compared to an average volume of 563,507. LexinFintech has a 1-year low of $1.64 and a 1-year high of $6.48. The stock’s 50-day moving average is $1.95 and its 200-day moving average is $2.23. The company has a debt to equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 1.80. The company has a market cap of $310.74 million, a P/E of 2.01 and a beta of 0.46.

LexinFintech (NASDAQ:LX – Get Rating) last issued its quarterly earnings data on Tuesday, August 16th. The company reported earnings per share of $0.13 for the quarter, falling short of analyst consensus estimates of $0.23 ($0.10). LexinFintech had a return on equity of 14.82% and a net margin of 11.64%. The company had revenue of $360.23 million for the quarter. As a group, equity analysts are forecasting that LexinFintech will report year-to-date earnings per share of 0.77.

Hedge funds rely on LexinFintech

A number of institutional investors and hedge funds recently changed their holdings in the company. GSA Capital Partners LLP acquired a new position in LexinFintech valued at $218,000 during the fourth quarter. The Canada Pension Plan Investment Board acquired a new position in LexinFintech valued at $1,105,000 during the fourth quarter. Channing Global Advisors LLC purchased a new $85,000 position in LexinFintech during the fourth quarter. Davy Global Fund Management Ltd increased its stake in LexinFintech by 73.4% in the first quarter. Davy Global Fund Management Ltd now owns 22,444 shares of the company, valued at $59,000, having purchased an additional 9,498 shares last quarter. Finally, NTB Financial Corp increased its stake in LexinFintech by 221.2% in the first quarter. NTB Financial Corp now owns 36,300 shares of the company’s stock valued at $95,000 after purchasing an additional 25,000 shares last quarter. Institutional investors and hedge funds own 16.19% of the company’s shares.

About LexinFintech

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LexinFintech Holdings Ltd. provides online consumer finance services in the People’s Republic of China through its subsidiaries. The Company operates Fenqile.com, an online consumption and consumer finance platform offering installment purchase and personal installment loans, as well as online direct sales with installment terms; and Le Hua Card, a scenario-based lending facility.

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