Scienjoy (NASDAQ:SJ) Trading Down 1.8% – Here’s What Happened

Scienjoy Holding Corporation (NASDAQ:SJ) dropped 1.8% during trading on Monday . The company traded as low as $0.5052 and last traded at $0.55. Approximately 22,018 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 46,811 shares. The stock had previously closed at $0.5602.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Scienjoy in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Scienjoy Stock Down 1.8%

The business has a 50-day simple moving average of $0.58 and a 200-day simple moving average of $0.73. The company has a market cap of $21.49 million, a PE ratio of 11.00 and a beta of 0.85.

Hedge Funds Weigh In On Scienjoy

A hedge fund recently raised its stake in Scienjoy stock. Citadel Advisors LLC raised its position in Scienjoy Holding Corporation (NASDAQ:SJ) by 25.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,709 shares of the company’s stock after acquiring an additional 15,540 shares during the quarter. Citadel Advisors LLC owned approximately 0.20% of Scienjoy worth $49,000 as of its most recent SEC filing. 0.32% of the stock is owned by institutional investors and hedge funds.

Scienjoy Company Profile

Scienjoy Holding Corporation provides mobile live streaming platforms in the People's Republic of China. The company focuses on interactive show live streaming from broadcasters to users. Its platforms enable users to view and interact with broadcasters through online chat, virtual items, and playing games.