Scienjoy Holding Co. (NASDAQ:SJ – Get Rating) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 52,200 shares, a drop of 40.9% from the April 15th total of 88,300 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 539,600 shares, the days-to-cover ratio is presently 0.1 days.
A number of institutional investors have recently made changes to their positions in SJ. Millennium Management LLC purchased a new stake in Scienjoy in the 3rd quarter worth $135,000. Marshall Wace LLP purchased a new stake in Scienjoy in the 3rd quarter worth $96,000. Citadel Advisors LLC purchased a new stake in Scienjoy in the 2nd quarter worth $86,000. Finally, Geode Capital Management LLC increased its stake in Scienjoy by 22.5% in the 4th quarter. Geode Capital Management LLC now owns 17,909 shares of the company’s stock worth $101,000 after buying an additional 3,291 shares in the last quarter. 12.42% of the stock is currently owned by institutional investors.
Scienjoy stock traded up $0.22 during trading on Friday, reaching $2.66. The company had a trading volume of 439,806 shares, compared to its average volume of 694,885. Scienjoy has a 52 week low of $2.35 and a 52 week high of $8.93. The firm’s 50-day simple moving average is $3.97 and its 200 day simple moving average is $5.07. The firm has a market capitalization of $85.44 million, a price-to-earnings ratio of 2.86 and a beta of 1.10.
Scienjoy Holding Corporation provides mobile live streaming platforms in the People's Republic of China. The company focuses on interactive show live streaming from broadcasters to users. Its platforms enable users to view and interact with broadcasters through online chat, virtual items, and playing games.
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