LexinFintech Holdings Ltd. (NASDAQ:LX) Short Interest Up 21.4% in January

LexinFintech Holdings Ltd. (NASDAQ:LX) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 6,980,000 shares, a growth of 21.4% from the January 15th total of 5,750,000 shares. Currently, 5.4% of the shares of the stock are sold short. Based on an average daily volume of 3,510,000 shares, the days-to-cover ratio is currently 2.0 days.

LexinFintech Price Performance

Shares of LX stock traded down $0.43 during trading hours on Friday, hitting $8.20. 3,987,451 shares of the company’s stock were exchanged, compared to its average volume of 2,625,193. The company has a market capitalization of $1.35 billion, a PE ratio of 13.02 and a beta of 0.66. LexinFintech has a 12-month low of $1.56 and a 12-month high of $9.00. The business’s 50 day simple moving average is $6.63 and its 200-day simple moving average is $4.06. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10.

LexinFintech (NASDAQ:LX) last posted its quarterly earnings results on Monday, November 25th. The company reported $0.26 EPS for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LX. Wolverine Trading LLC bought a new position in shares of LexinFintech in the third quarter worth approximately $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of LexinFintech in the 4th quarter worth about $29,000. Centiva Capital LP purchased a new position in shares of LexinFintech in the 3rd quarter worth about $41,000. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in shares of LexinFintech in the 4th quarter worth about $70,000. Finally, Tower Research Capital LLC TRC raised its position in shares of LexinFintech by 146.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company’s stock worth $71,000 after purchasing an additional 7,227 shares during the last quarter.

Analyst Ratings Changes

Separately, Citigroup raised shares of LexinFintech from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th.

LexinFintech Company Profile

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