Scienjoy Holding Corporation (NASDAQ:SJ): Surging 21.26% in 2021, Outlook Strong

The trading price of Scienjoy Holding Corporation (NASDAQ:SJ) closed higher on Tuesday, Apr 06, closing at $9.31, 34.16% higher than its previous close.

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Traders who pay close attention to intraday price movement should know that it fluctuated between $11.80 and $18.50. The company’s P/E ratio in the trailing 12-month period was 12.77, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $11.81 and a 52-week low of $5.24. Over the past month, the stock has gained 21.73% in value.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Scienjoy Holding Corporation no upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest SJ has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

An evaluation of the daily trading volume of Scienjoy Holding Corporation (NASDAQ:SJ) indicates that the 3-month average is 5.94 Million. However, this figure has declined over the past 10 days to an average of 19.18 Million.

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Currently, records show that 30.61 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 105.4% of outstanding shares, whereas institutions hold 0.97%. The stats also highlight that short interest as of March 14, 2021, stood at 7.05 Million shares, resulting in a short ratio of 1.58 at that time. From this, we can conclude that short interest is 0.03% of the company’s total outstanding shares. It is noteworthy that short shares in March were down slightly from the previous month’s figure, which was 8.12 Million. However, since the stock’s price has seen +44.22% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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