Short Interest in Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Decreases By 18.2%

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) was the target of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 3,594,662 shares, a decline of 18.2% from the February 12th total of 4,395,766 shares. Approximately 3.1% of the shares of the company are short sold. Based on an average daily trading volume, of 2,360,995 shares, the short-interest ratio is currently 1.5 days. Based on an average daily trading volume, of 2,360,995 shares, the short-interest ratio is currently 1.5 days. Approximately 3.1% of the shares of the company are short sold.

Analyst Ratings Changes

QFIN has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qfin in a research note on Monday, December 29th. JPMorgan Chase & Co. cut shares of Qfin from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $45.00 to $21.00 in a research note on Wednesday, November 19th. Finally, Zacks Research lowered shares of Qfin from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $36.85.

Institutional Investors Weigh In On Qfin

Several hedge funds and other institutional investors have recently bought and sold shares of QFIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Qfin during the 1st quarter valued at about $29,000. SBI Securities Co. Ltd. lifted its stake in Qfin by 6,796.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,931 shares of the company’s stock valued at $37,000 after purchasing an additional 1,903 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Qfin by 415.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,636 shares of the company’s stock worth $51,000 after buying an additional 2,125 shares in the last quarter. Parallel Advisors LLC grew its position in Qfin by 24.1% in the fourth quarter. Parallel Advisors LLC now owns 3,373 shares of the company’s stock worth $65,000 after buying an additional 656 shares during the last quarter. Finally, Rexford Capital Inc. bought a new position in shares of Qfin in the second quarter valued at $78,000. 74.81% of the stock is currently owned by institutional investors.

Qfin Stock Down 0.4%

Shares of QFIN stock opened at $13.84 on Friday. Qfin has a 1 year low of $13.81 and a 1 year high of $48.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.94 and a current ratio of 2.94. The business’s fifty day moving average is $15.86 and its 200-day moving average is $21.29. The stock has a market cap of $1.97 billion, a PE ratio of 2.02, a price-to-earnings-growth ratio of 0.20 and a beta of 0.49.

Qfin Company Profile

360 DigiTech, Inc (NASDAQ: QFIN) is a China‐based fintech company that specializes in providing digital lending solutions to underserved consumer and small business markets. Leveraging proprietary credit assessment technologies and big data analytics, the company connects borrowers with a network of financial institutions and investors through its online platform. Its services encompass unsecured consumer loans, installment credit products, and working capital financing for micro and small enterprises.

The company’s flagship platform offers an end‐to‐end digital lending experience, from application and credit evaluation to disbursement and repayment.