360 Finance Shares Surge as Investors Eye Undervalued Fintech

Shares of Chinese fintech firm 360 Finance experienced a powerful rally on Friday, climbing more than 13% to close at $24.15. This substantial single-day advance has captured significant attention across investment communities, signaling a potential shift in momentum for the financial technology provider.

Friday’s trading session saw 360 Finance equity jump 13.43%, reaching a closing price of $24.15 per share. This impressive gain indicates substantial buying interest and suggests a notable reversal from previous periods of weakness. The heightened activity was further evidenced by trading volume reaching 2.88 million shares the previous day, reflecting growing investor engagement with the stock.

Despite the bullish momentum, market data reveals a 4.9% increase in short interest, demonstrating that some Read more...