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

Key Points

• Qudian Inc. saw a significant 28.7% decrease in short interest in September, bringing the total to 293,700 shares from 411,800 shares in August.
• Currently rated as a "Moderate Buy" by analysts, one research analyst has given Qudian a Buy rating and another a Hold rating.
• As of the latest report, Qudian shares experienced a 2.4% increase, with a current market price of $4.72 and a market cap of $796.21 million.

Qudian Inc. - Sponsored ADR (NYSE:QD - Get Free Report) was the target of a large decrease in short interest in 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 trading volume of 560,300 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 560,300 shares, the short-interest ratio is currently 0.5 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Qudian in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Qudian has a consensus rating of "Moderate Buy".

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Asset Management One Co. Ltd. raised 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 worth $99,000 after buying an additional 8,991 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Qudian by 17.1% during the fourth quarter. Bank of America Corp DE now owns 54,351 shares of the company's stock valued at $153,000 after acquiring an additional 7,951 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Qudian by 2.3% in the 1st 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. Brighton Jones LLC purchased a new stake in shares of Qudian during the 4th quarter valued at about $34,000. Finally, XTX Topco Ltd purchased a new stake in Qudian during the 1st quarter worth approximately $128,000. Institutional investors own 8.10% of the company's stock.

Qudian Stock Up 2.4%

Shares of QD opened at $4.72 on Tuesday. The company has a 50-day moving average price of $4.34 and a two-hundred day moving average price of $3.38. Qudian has a 12 month low of $2.02 and a 12 month high of $5.08. The stock has a market cap of $796.21 million, a price-to-earnings ratio of 10.98 and a beta of 0.62.

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

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.

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