LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) Short Interest Update

LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 4,616,015 shares, an increase of 94.8% from the August 15th total of 2,369,578 shares. Based on an average trading volume of 3,661,717 shares, the days-to-cover ratio is currently 1.3 days. Approximately 3.8% of the company’s shares are sold short.

Institutional Investors Weigh In On LexinFintech

Several institutional investors and hedge funds have recently made changes to their positions in LX. Principal Financial Group Inc. grew its stake in LexinFintech by 30.5% during the first quarter. Principal Financial Group Inc. now owns 3,379,109 shares of the company’s stock worth $7,366,000 after purchasing an additional 788,840 shares during the period. Anatole Investment Management Ltd lifted its stake in LexinFintech by 79.6% in the fourth quarter. Anatole Investment Management Ltd now owns 4,870,383 shares of the company’s stock valued at $15,926,000 after buying an additional 2,159,246 shares during the period. Oasis Management Co Ltd. boosted its holdings in shares of LexinFintech by 56.9% during the 4th quarter. Oasis Management Co Ltd. now owns 1,744,075 shares of the company’s stock worth $5,703,000 after buying an additional 632,575 shares in the last quarter. Brilliance Asset Management Ltd. boosted its holdings in shares of LexinFintech by 24.2% during the 4th quarter. Brilliance Asset Management Ltd. now owns 3,601,592 shares of the company’s stock worth $11,777,000 after buying an additional 701,943 shares in the last quarter. Finally, Ariadne Wealth Management LP grew its position in shares of LexinFintech by 50.4% during the 1st quarter. Ariadne Wealth Management LP now owns 24,107 shares of the company’s stock worth $53,000 after buying an additional 8,080 shares during the period.

LexinFintech Trading Down 2.6%

Shares of NASDAQ LX traded down $0.02 during midday trading on Tuesday, reaching $0.80. The stock had a trading volume of 821,402 shares, compared to its average volume of 2,226,916. The company’s 50 day moving average price is $1.32 and its 200 day moving average price is $1.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.08 and a current ratio of 2.09. LexinFintech has a twelve month low of $0.78 and a twelve month high of $5.94. The firm has a market cap of $133.16 million, a price-to-earnings ratio of 0.95 and a beta of 0.86.

LexinFintech (NASDAQ:LX) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.11 earnings per share for the quarter. LexinFintech had a net margin of 7.94% and a return on equity of 8.59%. The company had revenue of $469.10 million during the quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LX shares. Weiss Ratings lowered shares of LexinFintech from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Citigroup lowered LexinFintech from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $4.38 to $1.20 in a research report on Tuesday, September 1st. Finally, Wall Street Zen lowered LexinFintech from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, LexinFintech currently has a consensus rating of “Reduce” and an average target price of $2.35.

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.