Yirendai Ltd – (YRD) Short Interest Update

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

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

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

Yirendai Ltd – (NYSE:YRD) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.10. The company had revenue of $110.40 million for the quarter, compared to the consensus estimate of $97.01 million. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. Equities analysts expect that Yirendai Ltd – will post $1.69 earnings per share for the current fiscal year.

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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