Short Interest in PPDAI Group Inc. Sponsored ADR (NYSE:FINV) Grows By 58.5%

PPDAI Group Inc. Sponsored ADR (NYSE:FINV - Get Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 6,377,563 shares, a growth of 58.5% from the March 15th total of 4,023,909 shares. Based on an average daily volume of 2,302,974 shares, the days-to-cover ratio is currently 2.8 days. Approximately 4.5% of the shares of the stock are sold short.Analyst Ratings ChangesChinese Fintech FinVolution: Buy, Sell, or Hold?Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of PPDAI Group in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, PPDAI Group currently has an average rating of "Moderate Buy" and a consensus price target of $12.10.View Our Latest Report on FINVInstitutional Investors Weigh In On PPDAI GroupSeveral large investors have recently bought and sold shares of the business. FourThought Financial Partners LLC bought a new stake in PPDAI Group in the fourth quarter worth $120,000. Abacus Wealth Partners LLC bought a new stake in PPDAI Group in the fourth quarter worth $221,000. Kingswood Wealth Advisors LLC increased its position in PPDAI Group by 28.5% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 16,462 shares of the company's stock worth $86,000 after purchasing an additional 3,655 shares during the last quarter. Farther Finance Advisors LLC increased its position in PPDAI Group by 57.7% in the fourth quarter. Farther Finance Advisors LLC now owns 5,695 shares of the company's stock worth $30,000 after purchasing an additional 2,083 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in PPDAI Group by 110.4% in the fourth quarter. SG Americas Securities LLC now owns 26,404 shares of the company's stock worth $138,000 after purchasing an additional 13,855 shares during the last quarter. Institutional investors own 31.15% of the company's stock. PPDAI Group Trading Up 0.7%PPDAI Group stock opened at $4.99 on Tuesday. The stock has a market cap of $1.26 billion, a P/E ratio of 3.72 and a beta of 0.30. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.34 and a quick ratio of 2.86. PPDAI Group has a 1 year low of $4.51 and a 1 year high of $10.90. The firm's 50 day moving average price is $5.31 and its 200-day moving average price is $5.59. PPDAI Group (NYSE:FINV - Get Free Report) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $432.21 million for the quarter. PPDAI Group had a net margin of 18.70% and a return on equity of 16.39%. PPDAI Group Increases DividendThe firm also recently declared an annual dividend, which will be paid on Thursday, May 7th. Investors of record on Thursday, April 16th will be given a $0.306 dividend. This is a boost from PPDAI Group's previous annual dividend of $0.28. This represents a yield of 497.0%. The ex-dividend date is Thursday, April 16th. PPDAI Group Company Profile (Get Free Report)PPDAI Group Inc operates an online consumer finance marketplace that connects individual and institutional investors with personal and small-business borrowers. Through its digital platform, the company facilitates unsecured consumer loans, auto refinancing loans and small-business financing by leveraging proprietary credit assessment tools and big data analytics. Investors gain exposure to a diversified portfolio of retail credit assets, while borrowers benefit from streamlined application processes and competitive financing rates. At the core of PPDAI's offering is a multi-layered risk management framework that combines automated credit scoring, manual underwriting oversight and third-party data verification.Further ReadingFive stocks we like better than PPDAI GroupThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in PPDAI Group Right Now?Before you consider PPDAI Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PPDAI Group wasn't on the list.While PPDAI Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here