Yirendai Ltd – (YRD) Short Interest Update

Yirendai Ltd – (NYSE:YRD) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 1,012,854 shares, an increase of 39.7% from the August 15th total of 725,199 shares. Based on an average daily volume of 2,050,338 shares, the days-to-cover ratio is presently 0.5 days.

Shares of Yirendai Ltd – (NYSE:YRD) opened at 20.74 on Friday. The stock has a market capitalization of $1.21 billion and a PE ratio of 13.11. Yirendai Ltd – has a 1-year low of $3.35 and a 1-year high of $42.34. The firm has a 50-day moving average price of $25.73 and a 200-day moving average price of $16.82.

Yirendai Ltd – (NYSE:YRD) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.10. The firm earned $110.40 million during the quarter, compared to analysts’ expectations of $97.01 million. The company’s revenue was up 10.4% on a year-over-year basis. On average, equities research analysts forecast that Yirendai Ltd – will post $1.69 earnings per share for the current year.

YRD has been the subject of a number of research analyst reports. Zacks Investment Research cut Yirendai Ltd – from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Nomura cut Yirendai Ltd – from a “neutral” rating to a “reduce” rating in a research note on Wednesday, August 10th. Finally, Needham & Company LLC increased their price target on Yirendai Ltd – from $14.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, August 11th.

About Yirendai Ltd –

Yirendai Ltd. is engaged in online consumer finance marketplace business in China. The Company 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.

5 Day Chart for NYSE:YRD

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