Qudian Inc. (NYSE:QD - Get Free Report) saw a significant drop in short interest in May. As of May 15th, there was short interest totalling 264,800 shares, a drop of 78.8% from the April 30th total of 1,250,000 shares. Based on an average daily trading volume, of 467,600 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the stock are short sold.
Qudian Price Performance
Shares of NYSE:QD remained flat at $2.96 during midday trading on Friday. The stock had a trading volume of 181,265 shares, compared to its average volume of 506,710. Qudian has a 52 week low of $1.52 and a 52 week high of $3.34. The company has a market capitalization of $499.32 million, a P/E ratio of 74.00 and a beta of 0.58. The stock's fifty day simple moving average is $2.67 and its two-hundred day simple moving average is $2.77.
Qudian (NYSE:QD - Get Free Report) last announced its earnings results on Friday, May 30th. The company reported $0.12 earnings per share for the quarter. Qudian had a return on equity of 0.36% and a net margin of 18.32%. The company had revenue of $3.55 million during the quarter.
Institutional Trading of Qudian
Hedge funds and other institutional investors have recently made changes to their positions in the business. Oasis Management Co Ltd. increased its position in Qudian by 609.9% in the fourth quarter. Oasis Management Co Ltd. now owns 197,875 shares of the company's stock worth $558,000 after purchasing an additional 170,000 shares during the period. JPMorgan Chase & Co. acquired a new stake in Qudian in the fourth quarter worth about $442,000. Arrowstreet Capital Limited Partnership increased its position in Qudian by 12.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,242,435 shares of the company's stock worth $3,504,000 after purchasing an additional 140,517 shares during the period. SG Americas Securities LLC increased its position in Qudian by 35.1% in the fourth quarter. SG Americas Securities LLC now owns 368,384 shares of the company's stock worth $1,039,000 after purchasing an additional 95,778 shares during the period. Finally, Marshall Wace LLP increased its position in Qudian by 44.5% in the fourth quarter. Marshall Wace LLP now owns 274,308 shares of the company's stock worth $774,000 after purchasing an additional 84,532 shares during the period. 8.10% of the stock is currently owned by institutional investors and hedge funds.
About Qudian
(
Get Free Report)
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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