Qudian Inc. – Sponsored ADR (NYSE:QD) Short Interest Update

by · The Markets Daily

Qudian Inc. – Sponsored ADR (NYSE:QD – Get Free Report) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 440,863 shares, a decrease of 17.4% from the November 30th total of 533,915 shares. Based on an average daily trading volume, of 301,106 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 301,106 shares, the days-to-cover ratio is presently 1.5 days.

Qudian Price Performance

QD stock traded up $0.05 on Wednesday, hitting $3.81. 383,033 shares of the company were exchanged, compared to its average volume of 301,995. The stock has a market capitalization of $642.71 million, a price-to-earnings ratio of 5.60 and a beta of 0.77. The business’s fifty day moving average is $4.44 and its two-hundred day moving average is $4.13. Qudian has a twelve month low of $2.04 and a twelve month high of $5.08.

Qudian (NYSE:QD – Get Free Report) last released its quarterly earnings data on Monday, November 24th. The company reported $0.35 EPS for the quarter. Qudian had a return on equity of 7.04% and a net margin of 909.27%.The business had revenue of $1.20 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qudian in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Qudian has an average rating of “Moderate Buy”.

Check Out Our Latest Report on Qudian

Institutional Investors Weigh In On Qudian

Large investors have recently made changes to their positions in the business. Invesco Ltd. raised its position in shares of Qudian by 2.3% in the 1st quarter. Invesco Ltd. now owns 166,372 shares of the company’s stock valued at $448,000 after purchasing an additional 3,793 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Qudian by 4.4% in the third quarter. Public Employees Retirement System of Ohio now owns 136,759 shares of the company’s stock valued at $584,000 after acquiring an additional 5,799 shares in the last quarter. Brighton Jones LLC bought a new position in Qudian during the 4th quarter valued at $34,000. Finally, SG Americas Securities LLC grew its holdings in Qudian by 46.8% during the 3rd quarter. SG Americas Securities LLC now owns 360,632 shares of the company’s stock worth $1,540,000 after acquiring an additional 114,892 shares in the last quarter. Institutional investors and hedge funds own 8.10% of the company’s stock.

About Qudian

(Get Free Report)

Qudian Inc is a China-based consumer finance technology company that offers online small-ticket credit products and services to young, high-potential customers. The company’s platform leverages big data analytics and machine learning to assess creditworthiness, underwrite loans and manage credit risk. By streamlining the loan application process through mobile and web channels, Qudian aims to deliver rapid access to credit for everyday consumptive and lifestyle needs.

Through its proprietary credit scoring system, Qudian provides installment loans, micro-lending products and point-of-sale financing solutions under various branded offerings.

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