Qifu Technology Inc. ADR’s recently made public that its Officer Yan Zheng acquired Company’s shares for reported $18.3 million on Dec 03 ’24. In the deal valued at $37.88 per share,483,000 shares were bought.
Then, Holy Vanguard Ltd bought 1,200,000 shares, generating $45,456,000 in total proceeds.
Before that, Andrew Y Yan bought 800,000 shares. Qifu Technology Inc. ADR shares valued at $21,192,000 were divested by the Director at a price of $26.49 per share.
Nomura initiated its Qifu Technology Inc. ADR [QFIN] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in early July with a ‘”a Buy”‘ rating. Jefferies started covering the stock on January 05, 2021. It rated QFIN as “a Buy”.
Price Performance Review of QFIN
On Monday, Qifu Technology Inc. ADR [NASDAQ:QFIN] saw its stock jump 0.45% to $35.49. Over the last five days, the stock has lost -2.42%. Qifu Technology Inc. ADR shares have fallen nearly -7.53% since the year began. Nevertheless, the stocks have risen 98.93% over the past one year. While a 52-week high of $48.94 was reached on 03/27/25, a 52-week low of $17.95 was recorded on 04/09/25. SMA at 50 days reached $41.76, while 200 days put it at $33.28.
Levels Of Support And Resistance For QFIN Stock
The 24-hour chart illustrates a support level at 34.91, which if violated will result in even more drops to 34.33. On the upside, there is a resistance level at 36.08. A further resistance level may holdings at 36.67. The Relative Strength Index (RSI) on the 14-day chart is 37.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.72%. Stochastics %K at 11.40% indicates the stock is a buying.
How much short interest is there in Qifu Technology Inc. ADR?
A steep rise in short interest was recorded in Qifu Technology Inc. ADR stocks on 2025-03-31, growing by 4.64 million shares to a total of 8.24 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 3.61 million shares. There was a rise of 56.23%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 16, 2020 when CLSA began covering the stock and recommended ‘”a Buy”‘ rating along with a $20 price target.
