Short Interest in Qudian Inc. – Sponsored ADR (NYSE:QD) Decreases By 17.4%

Qudian Inc. – Sponsored ADR (NYSE:QD) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 440,863 shares, a decline of 17.4% from the November 30th total of 533,915 shares. Based on an average daily trading volume, of 301,106 shares, the short-interest ratio is currently 1.5 days. Approximately 0.4% of the company’s stock are short sold. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 301,106 shares, the short-interest ratio is currently 1.5 days.

Qudian Price Performance

Shares of QD stock opened at $3.81 on Friday. The firm has a market cap of $642.71 million, a P/E ratio of 5.60 and a beta of 0.77. The firm has a fifty day moving average of $4.43 and a two-hundred day moving average of $4.13. Qudian has a 1-year low of $2.04 and a 1-year high of $5.08.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Qudian in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Qudian presently has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On Qudian

Institutional investors and hedge funds have recently made changes to their positions in the company. Invesco Ltd. boosted its holdings in Qudian by 2.3% in the first quarter. Invesco Ltd. now owns 166,372 shares of the company’s stock worth $448,000 after purchasing an additional 3,793 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Qudian by 4.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 136,759 shares of the company’s stock valued at $584,000 after buying an additional 5,799 shares during the period. Brighton Jones LLC bought a new stake in shares of Qudian during the 4th quarter valued at about $34,000. Finally, SG Americas Securities LLC raised its stake in Qudian by 46.8% during the third 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 during the period. 8.10% of the stock is owned by institutional investors and hedge funds.

About Qudian

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.