Short Interest in Qudian Inc. (NYSE:QD) Declines By 15.0%

Qudian Inc. (NYSE:QD) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,470,000 shares, a decrease of 15.0% from the March 31st total of 1,730,000 shares. Based on an average daily volume of 926,400 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ballentine Partners LLC purchased a new stake in shares of Qudian during the first quarter valued at approximately $29,000. Profund Advisors LLC bought a new stake in Qudian during the 3rd quarter valued at $25,000. Kathmere Capital Management LLC purchased a new stake in Qudian during the 1st quarter valued at $30,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Qudian during the 3rd quarter valued at $27,000. Finally, 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 worth $29,000 after acquiring an additional 14,292 shares during the last quarter. 8.10% of the stock is owned by institutional investors.

Qudian Price Performance

Shares of NYSE QD opened at $2.46 on Monday. The stock has a market capitalization of $571.34 million, a P/E ratio of 246.00 and a beta of 0.74. Qudian has a one year low of $1.19 and a one year high of $2.60. The firm’s 50 day simple moving average is $2.43 and its two-hundred day simple moving average is $2.13.

Qudian (NYSE:QD) last released its earnings results on Monday, March 18th. The company reported ($0.08) EPS for the quarter. The business had revenue of $8.99 million for the quarter. Qudian had a net margin of 47.30% and a return on equity of 0.49%.

Qudian Company Profile

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.