Short-term stake in 9F Inc. (NASDAQ:JFU) drops 18.8%
9F Inc. (NASDAQ:JFU – Get Rating) saw a sharp drop in short-term interest in February. As of February 15, there was short interest totaling 1,170,000 shares, down 18.8% from the total of 1,440,000 shares as of January 31. Based on an average daily volume of 104,100 shares, the short interest ratio is currently 11.2 days.
Several large investors have recently bought and sold shares of JFU. Morgan Stanley bought a new stake in 9F during Q2 for about $26,000. Squarepoint Ops LLC bought a new position in 9F in Q2 worth approximately $27,000. Envestnet Asset Management Inc. increased its holdings in 9F by 76.6% in Q4. Envestnet Asset Management Inc. now owns 28,478 shares of the company valued at $31,000 after buying an additional 12,354 shares last quarter. Paloma Partners Management Co purchased a new equity stake in 9F during Q2 valued at approximately $36,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in 9F during the third quarter worth about $25,000. Hedge funds and other institutional investors hold 0.63% of the company’s shares.
NASDAQ: JFU opened at $0.96 on Monday. The company’s 50-day moving average price is $1.09. 9F has a 1-year minimum of $0.90 and a 1-year maximum of $3.15.
9F Company Profile (Get a rating)
9F Inc, together with its subsidiaries, operates a digital financial account platform that integrates and personalizes financial services in the People’s Republic of China. Its products include digital financial accounts that offer online lending, wealth management and payment facilitation services; revolving and non-revolving loan products to borrowers, as well as referral services to institutional funding partners; and a suite of online wealth management products, such as fixed income, stocks, insurance, bank wealth management products and mutual funds for investors on various platforms including Wukong Licai, 9F Wallet and 9F Puhui.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in 9F right now?
Before you consider 9F, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market breaks…and 9F was not on the list.
While 9F currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here