Jianpu Technology Inc – (NYSE:JT) Sees Large Growth in Short Interest

Jianpu Technology Inc – (NYSE:JT) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 1,132,200 shares, a growth of 54.3% from the May 30th total of 733,600 shares. Based on an average trading volume of 350,600 shares, the short-interest ratio is presently 3.2 days. Currently, 0.9% of the shares of the stock are short sold.

Institutional investors have recently bought and sold shares of the company. Yiheng Capital LLC grew its position in Jianpu Technology by 31.7% during the 4th quarter. Yiheng Capital LLC now owns 6,058,598 shares of the company’s stock worth $25,264,000 after acquiring an additional 1,459,629 shares during the last quarter. Hamilton Lane Advisors LLC bought a new stake in Jianpu Technology during the 1st quarter worth $529,000. Baillie Gifford & Co. grew its position in Jianpu Technology by 96.0% during the 4th quarter. Baillie Gifford & Co. now owns 3,719,720 shares of the company’s stock worth $15,511,000 after acquiring an additional 1,822,264 shares during the last quarter. Wells Fargo & Company MN grew its position in Jianpu Technology by 1.7% during the 1st quarter. Wells Fargo & Company MN now owns 7,451,711 shares of the company’s stock worth $37,334,000 after acquiring an additional 128,100 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in Jianpu Technology during the 1st quarter worth $40,000. 16.65% of the stock is owned by institutional investors.

Several equities analysts have weighed in on the company. Zacks Investment Research raised Zurich Insurance Group from a “sell” rating to a “hold” rating in a report on Saturday, May 18th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Goldman Sachs Group assumed coverage on Tricida in a report on Wednesday, June 26th. They issued a “buy” rating and a $48.00 price objective for the company.

Shares of Jianpu Technology stock traded up $0.04 during trading on Thursday, reaching $3.95. 390,100 shares of the company’s stock were exchanged, compared to its average volume of 394,553. Jianpu Technology has a 1-year low of $3.49 and a 1-year high of $7.97. The stock has a market cap of $658.63 million, a P/E ratio of -28.21 and a beta of 1.42. The company has a 50-day simple moving average of $4.13.

Jianpu Technology (NYSE:JT) last posted its quarterly earnings results on Tuesday, May 28th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. Jianpu Technology had a negative return on equity of 5.41% and a negative net margin of 3.95%. The company had revenue of $97.58 million during the quarter, compared to analysts’ expectations of $90.04 million. As a group, sell-side analysts anticipate that Jianpu Technology will post 0.09 EPS for the current fiscal year.

Jianpu Technology Company Profile

Jianpu Technology Inc operates a platform that provides online discovery and recommendation services for financial products in the People's Republic of China. Its platform allows users to access to financial products, including consumer and other loans, credit cards, and wealth management products.

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