Short Interest in LexinFintech Holdings Ltd. (NASDAQ:LX) Rises By 251.5%

LexinFintech Holdings Ltd. (NASDAQ:LX) saw a significant increase in short interest in October. As of October 15th, there was short interest totalling 1,060,000 shares, an increase of 251.5% from the September 30th total of 301,600 shares. Based on an average daily volume of 2,880,000 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On LexinFintech

A number of hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in shares of LexinFintech during the 1st quarter worth $149,000. American Century Companies Inc. increased its position in LexinFintech by 33.2% during the second quarter. American Century Companies Inc. now owns 303,931 shares of the company’s stock worth $501,000 after buying an additional 75,759 shares during the last quarter. Kathmere Capital Management LLC bought a new position in LexinFintech during the second quarter valued at about $36,000. Acadian Asset Management LLC lifted its position in shares of LexinFintech by 16.3% in the first quarter. Acadian Asset Management LLC now owns 1,424,065 shares of the company’s stock worth $2,555,000 after buying an additional 199,824 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of LexinFintech by 5.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,021,700 shares of the company’s stock worth $1,686,000 after acquiring an additional 55,700 shares in the last quarter.

LexinFintech Price Performance

LexinFintech stock traded down $0.03 during mid-day trading on Friday, hitting $3.12. The company’s stock had a trading volume of 1,770,602 shares, compared to its average volume of 1,461,091. The stock’s fifty day moving average price is $2.34 and its two-hundred day moving average price is $1.95. The stock has a market capitalization of $512.09 million, a P/E ratio of 4.66 and a beta of 0.56. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.22. LexinFintech has a twelve month low of $1.56 and a twelve month high of $4.70.

LexinFintech (NASDAQ:LX) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.19 earnings per share (EPS) for the quarter. LexinFintech had a net margin of 5.80% and a return on equity of 8.16%. The business had revenue of $500.98 million for the quarter.

LexinFintech Increases Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 16th were given a $0.072 dividend. This is an increase from LexinFintech’s previous Semi-Annual dividend of $0.07. The ex-dividend date of this dividend was Monday, September 16th. This represents a yield of 6.9%. LexinFintech’s dividend payout ratio is presently 19.40%.

About LexinFintech

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.