X (XYF) drops 2.10% in Light Trading on September 28


X Financial – ADR shares (NYSE: XYF) fell 2.10%, or $ 0.09 per share, to close at $ 4.20 on Tuesday. After opening the day at $ 4.23, X’s shares fluctuated between $ 4.38 and $ 4.15. 44,372 shares traded in the hands, down from their 30-day average of 104,672. Tuesday’s activity took the market cap from X to $ 157,862,561.

About X Financial – ADR

X Financial (the “Company”) is a technology-driven personal finance company in China focused on meeting the huge demand for credit from individuals and owners of small and medium-sized businesses. The company’s proprietary big data-based risk control system, WinSAFE, creates risk profiles of potential borrowers using a variety of data-driven credit scoring methodologies to accurately assess value, ability payment, the payment attitude and the overall creditworthiness of a borrower. X Financial has established a strategic partnership with ZhongAn Online P&C Insurance Co., Ltd. in several areas of its business operations to directly complement its advanced risk management and credit assessment capabilities. ZhongAn Online P&C Insurance Co., Ltd. provides credit insurance on X Financial’s investment products, which significantly builds investor confidence and enables the Company to attract a diverse and low-cost funding base from individuals, businesses and financial institutions to support its growth. X Financial leverages financial technology to provide convenient, efficient and secure investment services to a wide range of high-quality borrowers and affluent investors who complement traditional financial institutions and help promote the development of finance inclusive in China.

Visit the X Financial – ADR profile for more information.

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About the New York Stock Exchange

The New York Stock Exchange is the world’s largest stock exchange in terms of market value with over $ 26 trillion. It’s also the leader in initial public offerings, with $ 82 billion raised in 2020, including six of the seven biggest tech deals. 63% of PSPC proceeds in 2020 were raised on the NYSE, including the six biggest deals.

To get more information about X Financial – ADR and keep up with the latest company updates, you can visit the company profile page here: X Financial – ADR’s Profile. For more information on the financial markets, be sure to visit Equities News. Also, don’t forget to sign up for the Daily Fix to get the best stories delivered to your inbox 5 days a week.

Sources: The chart is provided by TradingView based on 15 minute lag prices. All other data is provided by IEX Cloud as of 8:05 p.m. ET on the day of publication.

The views and opinions expressed in this article are those of the authors and do not represent the views of equities.com. Readers should not take the author’s statements as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please visit: http://www.equities.com/disclaimer

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