Leju Holdings Ltd (NYSE:LEJU) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 21,600 shares, a decrease of 47.3% from the July 31st total of 41,000 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 39,400 shares, the days-to-cover ratio is currently 0.5 days.
A hedge fund recently raised its stake in Leju stock. Renaissance Technologies LLC increased its position in shares of Leju Holdings Ltd (NYSE:LEJU) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,211,931 shares of the financial services provider’s stock after buying an additional 27,837 shares during the quarter. Renaissance Technologies LLC owned about 0.89% of Leju worth $1,672,000 at the end of the most recent quarter. 1.10% of the stock is owned by hedge funds and other institutional investors.
LEJU stock traded up $0.05 during trading on Friday, reaching $1.75. 173,100 shares of the stock were exchanged, compared to its average volume of 43,424. The firm’s 50 day moving average is $1.43 and its 200 day moving average is $1.51. Leju has a twelve month low of $1.05 and a twelve month high of $2.31. The firm has a market cap of $240.30 million, a P/E ratio of 59.00 and a beta of 2.54.
Leju (NYSE:LEJU) last posted its quarterly earnings results on Monday, August 19th. The financial services provider reported $0.07 earnings per share for the quarter. Leju had a return on equity of 1.73% and a net margin of 0.77%. The business had revenue of $169.97 million for the quarter.
Leju Holdings Limited, through its subsidiaries, provides online to offline (O2O) real estate services in the People's Republic of China. The company offers real estate e-commerce, online advertising, and online listing services through its online platform, which comprises Websites covering 377 cities and various mobile applications for the real estate and home furnishing industries.
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