Qudian Inc. – Sponsored ADR (NYSE:QD) Short Interest Down 28.7% in September

Qudian Inc. – Sponsored ADR (NYSE:QD) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 293,700 shares, a decrease of 28.7% from the August 31st total of 411,800 shares. Based on an average daily trading volume, of 560,300 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 560,300 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Qudian in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Institutional Investors Weigh In On Qudian

Large investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Qudian in the 1st quarter valued at about $30,000. Brighton Jones LLC acquired a new stake in shares of Qudian during the 4th quarter worth about $34,000. Virtu Financial LLC acquired a new stake in shares of Qudian during the 1st quarter worth about $70,000. Asset Management One Co. Ltd. boosted its stake in shares of Qudian by 32.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 36,769 shares of the company’s stock worth $99,000 after purchasing an additional 8,991 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Qudian during the 1st quarter worth about $128,000. 8.10% of the stock is owned by institutional investors and hedge funds.

Qudian Stock Performance

Shares of NYSE QD opened at $4.61 on Thursday. The stock has a market cap of $777.66 million, a price-to-earnings ratio of 10.72 and a beta of 0.62. Qudian has a 52 week low of $2.02 and a 52 week high of $5.08. The company’s 50-day moving average price is $4.38 and its 200 day moving average price is $3.40.

Qudian (NYSE:QD) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.26 EPS for the quarter. The firm had revenue of $0.49 million for the quarter. Qudian had a net margin of 388.27% and a return on equity of 4.65%.

Qudian Company Profile

Qudian Inc operates as a consumer-oriented technology company in the People's Republic of China. The company engages in the operation of online platforms to provide small consumer credit products. It also provides technology development and services; research and development services; and delivery services.