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)

(A d)

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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.

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