Lufax Holding Ltd (NYSE:LU) Short Interest Update

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Lufax Holding Ltd (NYSE:LU) saw a sharp drop in short-term interest in January. As of January 31, there was short interest totaling 10,520,000 shares, a decrease of 16.2% from the total of 12,550,000 shares as of January 15. Based on an average trading volume of 8,100,000 shares, the day-to-cover ratio is currently 1.3 days.

READ traded at $0.07 during Friday’s trading, hitting $6.62. 297,705 shares were traded, against an average volume of 7,207,058. The company has a market capitalization of $16.30 billion, a P/E ratio of 6.33, a PEG ratio of 0.33 and a beta of 1.13. Lufax has a 1 year minimum of $4.19 and a 1 year maximum of $17.00. The stock has a fifty-day moving average price of $5.33 and a two-hundred-day moving average price of $6.65. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt ratio of 0.12.

LU has been the subject of a number of analyst reports. Sanford C. Bernstein upgraded Lufax from an “underperforming” rating to a “market performing” rating and set a $6.00 price target for the stock in a Tuesday 2 November. Zacks Investment Research downgraded Lufax from a “buy” rating to a “hold” rating in a Wednesday, January 26 research report. Three analysts gave the stock a hold rating and five gave the company a buy rating. According to MarketBeat.com, the stock currently has a consensus buy rating and an average target price of $13.74.

A number of institutional investors and hedge funds have recently increased or reduced their stakes in the company. Capital Research Global Investors increased its stake in Lufax shares by 2.2% in Q4. Capital Research Global Investors now owns 56,801,759 shares of the company valued at $319,794,000 after purchasing an additional 1,205,276 shares in the last quarter. Capital World Investors increased its stake in Lufax shares by 38.8% in Q3. Capital World Investors now owns 53,365,330 shares of the company valued at $372,490,000 after purchasing an additional 14,913,603 shares in the last quarter. Baillie Gifford & Co. increased its stake in Lufax shares by 34.6% in the fourth quarter. Baillie Gifford & Co. now owns 26,496,135 shares of the company valued at $149,173,000 after purchasing an additional 6,812,317 shares last quarter. Vanguard Group Inc. increased its stake in Lufax shares by 191.7% in the second quarter. Vanguard Group Inc. now owns 18,484,970 shares of the company valued at $208,880,000 after purchasing an additional 12,147,031 shares in the last quarter. Finally, Krane Funds Advisors LLC increased its stake in Lufax shares by 23.8% in the fourth quarter. Krane Funds Advisors LLC now owns 16,700,079 shares of the company valued at $94,021,000 after purchasing an additional 3,212,992 shares last quarter. 24.30% of the shares are currently held by institutional investors.

About Lufax

Lufax Holding Ltd operates a personal financial services technology platform in China. It offers loan products, including unsecured loans and secured loans, as well as consumer loans. The company also provides wealth management platforms, such as Lufax (Lu.com), Lu International (Singapore) and Lu International (Hong Kong) to middle class and affluent investors to invest in products and portfolios; retail credit facilitation services platform that provides small business owners with lending solutions; and technology empowerment solutions for financial institutions.

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