Qudian Inc. (NYSE:QD - Get Free Report) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 728,300 shares, a decrease of 15.4% from the February 28th total of 861,100 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 396,900 shares, the short-interest ratio is currently 1.8 days.
Qudian Trading Up 1.1 %
NYSE QD traded up $0.03 on Wednesday, reaching $2.68. 145,164 shares of the company were exchanged, compared to its average volume of 544,484. The business's fifty day moving average price is $2.85 and its 200 day moving average price is $2.62. The stock has a market capitalization of $537.61 million, a P/E ratio of 67.00 and a beta of 0.70. Qudian has a fifty-two week low of $1.52 and a fifty-two week high of $3.34.
Qudian (NYSE:QD - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share for the quarter. The firm 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 Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in QD. Sei Investments Co. purchased a new stake in Qudian in the fourth quarter valued at $30,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Qudian during the 3rd quarter worth about $32,000. Brighton Jones LLC purchased a new stake in Qudian in the 4th quarter valued at about $34,000. XTX Topco Ltd acquired a new position in Qudian in the third quarter valued at about $50,000. Finally, SBI Securities Co. Ltd. purchased a new position in Qudian during the fourth quarter worth about $57,000. 8.10% of the stock is currently 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.
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