Scienjoy Holding Corporation (NASDAQ:SJ) Sees Significant Growth in Short Interest

Scienjoy Holding Corporation (NASDAQ:SJ) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 36,473 shares, a growth of 78.4% from the September 15th total of 20,441 shares. Based on an average trading volume of 17,487 shares, the short-interest ratio is presently 2.1 days. Currently, 0.1% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Scienjoy in a research note on Friday, September 11th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Scienjoy Stock Down 1.9%

Scienjoy stock traded down $0.02 during midday trading on Thursday, reaching $0.96. The stock had a trading volume of 9,176 shares, compared to its average volume of 56,771. The firm has a market cap of $38.15 million, a price-to-earnings ratio of -0.49 and a beta of 0.89. Scienjoy has a 52-week low of $0.45 and a 52-week high of $1.63. The company has a fifty day moving average of $0.86 and a 200 day moving average of $0.99.

Scienjoy Company Profile

Scienjoy Holding Corporation (NASDAQ: SJ) is a China-based online entertainment company that operates digital platforms focused on live streaming and interactive social experiences. Its services connect users with content creators through real-time video broadcasts, audience interaction and virtual entertainment features.

The company’s business model generally includes revenue from virtual items purchased by viewers, platform services and related digital entertainment activities. Scienjoy has also been associated with short-form video, social networking and other online content offerings designed for mobile users and livestream audiences.

Scienjoy serves users primarily in China through its internet and mobile platforms.