Qudian Inc. (NYSE:QD - Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 728,300 shares, a decline of 15.4% from the February 28th total of 861,100 shares. Based on an average daily trading volume, of 396,900 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.5% of the company's shares are sold short.
Qudian Price Performance
Shares of NYSE:QD traded down $0.36 during midday trading on Friday, reaching $2.27. 1,299,654 shares of the company's stock were exchanged, compared to its average volume of 543,345. The firm's 50 day simple moving average is $2.83 and its two-hundred day simple moving average is $2.63. Qudian has a fifty-two week low of $1.52 and a fifty-two week high of $3.34. The stock has a market cap of $454.36 million, a price-to-earnings ratio of 56.63 and a beta of 0.47.
Qudian (NYSE:QD - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $7.16 million during the quarter. Qudian had a net margin of 18.32% and a return on equity of 0.36%.
Institutional Investors Weigh In On Qudian
Several large investors have recently added to or reduced their stakes in the business. Two Sigma Advisers LP boosted its position in Qudian by 21.1% in the 4th quarter. Two Sigma Advisers LP now owns 108,084 shares of the company's stock valued at $305,000 after buying an additional 18,800 shares during the period. Two Sigma Investments LP raised its stake in shares of Qudian by 28.5% in the fourth quarter. Two Sigma Investments LP now owns 302,316 shares of the company's stock valued at $853,000 after acquiring an additional 67,014 shares in the last quarter. Oasis Management Co Ltd. boosted its holdings in Qudian by 609.9% in the fourth quarter. Oasis Management Co Ltd. now owns 197,875 shares of the company's stock valued at $558,000 after purchasing an additional 170,000 shares during the period. Bank of America Corp DE grew its stake in Qudian by 17.1% during the 4th quarter. Bank of America Corp DE now owns 54,351 shares of the company's stock worth $153,000 after purchasing an additional 7,951 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Qudian by 31.7% during the 4th quarter. BNP Paribas Financial Markets now owns 37,671 shares of the company's stock worth $106,000 after purchasing an additional 9,070 shares during the period. 8.10% of the stock is owned by hedge funds and other institutional investors.
Qudian Company Profile
(
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.
See Also
Before you consider Qudian, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Qudian wasn't on the list.
While Qudian currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Like this article? Share it with a colleague.
Link copied to clipboard.
