RTTNews | Jun 29, 2021 02:42PM EDT

14:41 Tuesday, June 29, 2021 (RTTNews.com) - Chinese financial service company Weidai Ltd., (WEI) is soaring nearly 37% up on Tuesday without any official news to propel the shares.

The company is an auto-backed finserv company that connects the borrowers to the online investors and funding partners. The company was formed in 2011.

The company is currently trading at $1.48, $0.4062 or 37.61% higher than $1.08 at the close on Monday. The shares opened at $1.07 in the morning and in the 52 week period, the shares have moved between $1.07 to $1.59.

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