Qudian Inc. (NYSE:QD - Get Free Report) was the target of a large 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. Approximately 0.2% of the company's stock are sold short. Based on an average daily volume of 467,600 shares, the days-to-cover ratio is currently 0.6 days.
Qudian Trading Up 0.8%
Shares of Qudian stock traded up $0.03 during trading on Monday, reaching $2.99. The company's stock had a trading volume of 48,143 shares, compared to its average volume of 505,926. Qudian has a fifty-two week low of $1.52 and a fifty-two week high of $3.34. The firm has a market cap of $503.54 million, a PE ratio of 74.38 and a beta of 0.58. The company has a 50-day moving average price of $2.67 and a two-hundred day moving average price of $2.77.
Qudian (NYSE:QD - Get Free Report) last announced its quarterly earnings data on Friday, May 30th. The company reported $0.12 earnings per share (EPS) for the quarter. Qudian had a net margin of 18.32% and a return on equity of 0.36%. The company had revenue of $3.55 million for the quarter.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. purchased a new position in shares of Qudian during the 4th quarter worth about $30,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Qudian during the 1st quarter worth about $30,000. Brighton Jones LLC purchased a new position in shares of Qudian during the 4th quarter worth about $34,000. SBI Securities Co. Ltd. purchased a new position in shares of Qudian during the 4th quarter worth about $57,000. Finally, Virtu Financial LLC purchased a new position in shares of Qudian during the 1st quarter worth about $70,000. 8.10% of the stock is currently owned by hedge funds and other institutional investors.
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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