Qudian Inc. (NYSE:QD - Get Free Report) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 840,000 shares, a decline of 25.0% from the December 31st total of 1,120,000 shares. Based on an average daily volume of 519,200 shares, the short-interest ratio is presently 1.6 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of Qudian in the fourth quarter valued at approximately $34,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Qudian during the third quarter valued at about $32,000. XTX Topco Ltd acquired a new position in shares of Qudian during the 3rd quarter worth about $50,000. Ballentine Partners LLC boosted its stake in Qudian by 124.2% during the 4th quarter. Ballentine Partners LLC now owns 24,548 shares of the company's stock valued at $69,000 after purchasing an additional 13,599 shares during the period. Finally, Asset Management One Co. Ltd. bought a new stake in shares of Qudian in the fourth quarter valued at approximately $82,000. Hedge funds and other institutional investors own 8.10% of the company's stock.
Qudian Stock Performance
Shares of QD stock traded down $0.08 on Monday, reaching $2.75. 361,951 shares of the company's stock traded hands, compared to its average volume of 282,953. Qudian has a 12-month low of $1.52 and a 12-month high of $3.20. The company has a market capitalization of $550.65 million, a P/E ratio of 68.63 and a beta of 0.76. The business's 50 day moving average price is $2.85 and its two-hundred day moving average price is $2.32.
Qudian (NYSE:QD - Get Free Report) last released its quarterly earnings data on Friday, November 22nd. The company reported $0.10 earnings per share for the quarter. Qudian had a net margin of 18.32% and a return on equity of 0.36%.
Qudian Company Profile
(
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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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