Short Interest: What’s Next for Yirendai Limited (NYSE:YRD) After Having More Shares Shorted?

November 22, 2016 - By Darrin Black   ·   0 Comments

Short Interest: What's Next for Yirendai Limited (NYSE:YRD) After Having More Shares Shorted?

The stock of Yirendai Limited (NYSE:YRD) registered an increase of 24.11% in short interest. YRD’s total short interest was 1.26 million shares in November as published by FINRA. Its up 24.11% from 1.01 million shares, reported previously. With 956,000 shares average volume, it will take short sellers 1 days to cover their YRD’s short positions. The short interest to Yirendai Limited’s float is 15.02%. The stock decreased 0.03% or $0.01 during the last trading session, hitting $29.38. Yirendai Ltd – ADR (NYSE:YRD) has risen 183.32% since April 20, 2016 and is uptrending. It has outperformed by 178.76% the S&P500.

Yirendai Ltd. is engaged in online consumer finance marketplace business in China. The company has a market cap of $1.74 billion. The Firm conducts its business in China, through Yi Ren Heng Ye Technology Development Co., Ltd. (Heng Ye) and its consolidated variable interest entity, Heng Cheng Technology Development (Beijing) Co., Ltd. (Heng Cheng). It has a 27.3 P/E ratio. Heng Cheng operates its Website, www.yirendai.com, and has an Internet content well-known provider (ICP) license as an Internet information provider.

YRD Company Profile

Yirendai Ltd., incorporated on September 1, 2014, is engaged in online consumer finance marketplace business in China. The Firm conducts its business in China, through Yi Ren Heng Ye Technology Development (Beijing) Co., Ltd. (Heng Ye) and its consolidated variable interest entity, Heng Cheng Technology Development (Beijing) Co., Ltd. (Heng Cheng). Heng Cheng operates its Website, www.yirendai.com, and has an Internet content well-known provider (ICP) license as an Internet information provider. The Company’s online marketplace facilitates standard loan products, express loan products and vertical loan products to borrowers. Uses for these loan products include home remodels, durable good purchases, travel and continuing education.

More news for Yirendai Ltd – ADR (NYSE:YRD) were recently published by: Marketwatch.com, which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on November 19, 2015. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on December 12, 2015 is yet another important article.

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By Darrin Black

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