Qudian Inc. (NYSE:QD - Get Free Report) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 1,730,000 shares, a drop of 19.2% from the March 15th total of 2,140,000 shares. Based on an average trading volume of 993,800 shares, the days-to-cover ratio is currently 1.7 days.
Qudian Stock Down 0.4 %
Shares of Qudian stock traded down $0.01 on Friday, reaching $2.42. The company's stock had a trading volume of 747,044 shares, compared to its average volume of 975,641. The company has a market capitalization of $562.05 million, a P/E ratio of 242.00 and a beta of 0.74. Qudian has a 52-week low of $1.11 and a 52-week high of $2.60. The stock has a 50-day moving average price of $2.41 and a 200-day moving average price of $2.11.
Qudian (NYSE:QD - Get Free Report) last posted its quarterly earnings data on Monday, March 18th. The company reported ($0.08) EPS for the quarter. Qudian had a net margin of 47.30% and a return on equity of 0.49%. The business had revenue of $8.99 million during the quarter.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of QD. Profund Advisors LLC purchased a new stake in Qudian in the 3rd quarter valued at $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Qudian in the 3rd quarter valued at $27,000. Ballentine Partners LLC purchased a new stake in Qudian in the 1st quarter valued at $29,000. Headlands Technologies LLC grew its holdings in Qudian by 89,325.0% in the 4th quarter. Headlands Technologies LLC now owns 14,308 shares of the company's stock valued at $29,000 after buying an additional 14,292 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new stake in Qudian in the 4th quarter valued at $34,000. 8.10% of the stock is owned by hedge funds and other institutional investors.
Qudian Company Profile
(
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Qudian Inc operates as a consumer-oriented technology company in the People's Republic of China. It engages in the operation of online platforms to provide small consumer credit products, as well as provides technology development and services and research and development services. The company was founded in 2014 and is headquartered in Xiamen, the People's Republic of China.
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