LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) Short Interest Down 14.1% in January

LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 5,840,274 shares, a decrease of 14.1% from the January 15th total of 6,797,516 shares. Based on an average daily trading volume, of 1,513,128 shares, the days-to-cover ratio is presently 3.9 days. Approximately 4.8% of the company’s shares are short sold. Approximately 4.8% of the company’s shares are short sold. Based on an average daily trading volume, of 1,513,128 shares, the days-to-cover ratio is presently 3.9 days.

Hedge Funds Weigh In On LexinFintech

A number of hedge funds have recently bought and sold shares of LX. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of LexinFintech by 65.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,818 shares of the company’s stock valued at $31,000 after purchasing an additional 2,296 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in LexinFintech by 150.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,601 shares of the company’s stock valued at $31,000 after buying an additional 5,773 shares during the last quarter. New York State Common Retirement Fund bought a new position in shares of LexinFintech during the 4th quarter worth approximately $59,000. Hudson Bay Capital Management LP purchased a new position in shares of LexinFintech in the 3rd quarter worth approximately $60,000. Finally, Tower Research Capital LLC TRC lifted its holdings in LexinFintech by 350.5% during the second quarter. Tower Research Capital LLC TRC now owns 9,969 shares of the company’s stock worth $72,000 after acquiring an additional 7,756 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LX shares. UBS Group lowered shares of LexinFintech from a “buy” rating to a “neutral” rating and dropped their target price for the company from $13.60 to $3.50 in a report on Thursday, December 4th. Wall Street Zen downgraded LexinFintech from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of LexinFintech in a research note on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $3.50.

LexinFintech Trading Down 0.3%

LX opened at $2.99 on Thursday. LexinFintech has a fifty-two week low of $2.62 and a fifty-two week high of $11.64. The firm has a market capitalization of $503.10 million, a PE ratio of 2.11 and a beta of 0.74. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.80 and a quick ratio of 1.80. The company’s 50-day moving average is $3.07 and its 200 day moving average is $4.41.

About LexinFintech

LexinFintech Holdings Ltd. (NASDAQ: LX) is a China-based consumer finance and digital banking platform primarily serving young, underbanked consumers. The company’s core offering is point-of-sale installment financing, enabling eligible customers to split purchases into fixed monthly payments with transparent fees. Leveraging proprietary data analytics and credit scoring models, LexinFintech underwrites consumer loans for online purchases and provides credit lines that support a variety of retail and e-commerce transactions.

In addition to its flagship installment loan service, LexinFintech has developed wealth management and fintech-as-a-service products.