Qudian Inc. - Sponsored ADR (NYSE:QD) Sees Large Growth in Short Interest

Key Points

• Qudian Inc. experienced a significant increase in short interest, rising 39.6% to a total of 386,300 shares as of July 31st.
• Institutional investors have been actively buying, with notable increases from Asset Management One and Two Sigma Investments, enhancing their stakes by 32.4% and 28.5%, respectively.
• Despite the positive institutional interest, Qudian's stock is down 2.7% and currently trades around $4.89, with a recent $0.26 EPS reported for the quarter.

Qudian Inc. - Sponsored ADR (NYSE:QD - Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 386,300 shares, anincreaseof39.6% from the July 15th total of 276,700 shares. Based on an average daily trading volume, of 463,600 shares, the short-interest ratio is currently 0.8 days. Approximately0.3% of the shares of the company are short sold. Approximately0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 463,600 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Qudian during the first quarter worth $30,000. Brighton Jones LLC acquired a new stake in Qudian in the fourth quarter worth about $34,000. Virtu Financial LLC bought a new stake in Qudian during the 1st quarter worth about $70,000. Asset Management One Co. Ltd. lifted its position in Qudian by 32.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 36,769 shares of the company's stock valued at $99,000 after purchasing an additional 8,991 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Qudian by 31.7% in the 4th quarter. BNP Paribas Financial Markets now owns 37,671 shares of the company's stock valued at $106,000 after purchasing an additional 9,070 shares during the last quarter. 8.10% of the stock is owned by institutional investors.

Qudian Price Performance

Shares of NYSE:QD traded up $0.0050 during trading on Friday, reaching $4.7150. The stock had a trading volume of 277,468 shares, compared to its average volume of 728,962. The stock has a market capitalization of $795.37 million, a PE ratio of 10.97 and a beta of 0.69. Qudian has a 52 week low of $1.72 and a 52 week high of $5.08. The business's 50-day moving average price is $3.58 and its 200 day moving average price is $3.05.

Qudian (NYSE:QD - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.26 earnings per share for the quarter. Qudian had a return on equity of 4.65% and a net margin of 388.27%.The firm had revenue of $0.49 million during the quarter.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Wall Street Zen raised Qudian from a "sell" rating to a "hold" rating in a report on Friday, June 6th. UBS Group upgraded shares of Qudian to a "buy" rating in a research note on Friday, June 6th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy".

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.