LexinFintech Holdings Ltd – (NASDAQ:LX) was the recipient of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 796,112 shares, a growth of 48.2% from the January 12th total of 537,164 shares. Based on an average daily trading volume, of 488,608 shares, the days-to-cover ratio is presently 1.6 days.
LexinFintech (NASDAQ:LX) opened at $13.61 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of -0.29. LexinFintech has a 12 month low of $10.15 and a 12 month high of $18.29.
Several research analysts have recently commented on the company. Deutsche Bank assumed coverage on LexinFintech in a research note on Tuesday, January 16th. They issued a “buy” rating and a $21.00 price objective on the stock. Goldman Sachs Group assumed coverage on LexinFintech in a research note on Sunday, January 14th. They issued a “buy” rating and a $21.80 price objective on the stock.
LexinFintech Holdings Ltd is a holding company. The Company primarily engaged in providing online direct sales services and online consumer finance services. Through its subsidiaries, the Company offers personal installment loans, installment purchase loans and other loan products. The Company serves the credit needs of the customers aged between 18 and 36 in China.
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