Scienjoy Holding Corporation (NASDAQ:SJ) Short Interest Up 408.6% in July

Scienjoy Holding Corporation (NASDAQ:SJ) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 20,717 shares, a growth of 408.6% from the June 30th total of 4,073 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 44,775 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Scienjoy from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, June 16th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Scienjoy Stock Performance

Shares of Scienjoy stock remained flat at $0.81 during trading on Monday. 16,549 shares of the stock traded hands, compared to its average volume of 33,662. Scienjoy has a fifty-two week low of $0.45 and a fifty-two week high of $1.63. The company has a 50 day moving average of $0.98 and a two-hundred day moving average of $1.13. The stock has a market cap of $32.11 million, a PE ratio of -0.42 and a beta of 0.89.

Scienjoy (NASDAQ:SJ) last issued its quarterly earnings data on Thursday, May 21st. The company reported $0.03 earnings per share for the quarter. Scienjoy had a negative net margin of 46.33% and a negative return on equity of 63.91%. The firm had revenue of $40.99 million for the quarter.

Hedge Funds Weigh In On Scienjoy

A hedge fund recently raised its position in Scienjoy stock. Citadel Advisors LLC boosted its holdings in Scienjoy Holding Corporation (NASDAQ:SJ) by 25.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,709 shares of the company’s stock after acquiring an additional 15,540 shares during the quarter. Citadel Advisors LLC owned 0.20% of Scienjoy worth $49,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.32% of the company’s stock.

About Scienjoy

Scienjoy Limited (NASDAQ: SJ) is a China-based interactive entertainment company that operates online social platforms and develops mobile gaming applications. The company’s core business centers on group video chat services and live-streaming products that facilitate multi-user interactions. Through its proprietary technologies, Scienjoy provides users with themed virtual rooms, interactive features such as filters and animations, and a range of monetization options including virtual gifting and membership subscriptions.

In addition to its social entertainment offerings, Scienjoy develops and publishes casual mobile games across Android and iOS platforms.