Falls after posting drop in average borrowing

Jiayin

07/06/2021 18:39

** U.S.-listed shares of Chinese fintech platform  JFIN.O 
fall as much as 8.7% to over one-week low of $6.15 
    ** Says Q1 average borrowing amount per borrower falls 20.6%
to 6,198 Chinese yuan ($969.00), while repeat borrowing drops to
74.2% from 85.4% a year earlier  urn:newsml:reuters.com:*:nGNX3BKM72
    ** Q1 net revenue rises 9.4% to 343.1 mln Chinese yuan 
($53.64 mln), due to increased loan origination volume from co's
institutional funding partners
    ** YTD, stock has more than doubled

($1 = 6.3963 Chinese yuan renminbi)

 (Reporting by Ankit Ajmera in Bengaluru)
 ((Ankit.Ajmera@thomsonreuters.com))