Qudian Inc. (NYSE:QD) Sees Significant Decline in Short Interest

Qudian Inc. (NYSE:QD) 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 trading volume, of 519,200 shares, the short-interest ratio is currently 1.6 days.

Hedge Funds Weigh In On Qudian

A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in shares of Qudian by 31.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,435,477 shares of the company’s stock worth $2,838,000 after buying an additional 343,294 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Qudian in the second quarter worth $1,918,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Qudian during the third quarter valued at $32,000. BNP Paribas Financial Markets lifted its position in Qudian by 248.8% during the third quarter. BNP Paribas Financial Markets now owns 28,601 shares of the company’s stock valued at $61,000 after purchasing an additional 20,400 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Qudian in the 3rd quarter worth $50,000. Institutional investors own 8.10% of the company’s stock.

Qudian Trading Up 3.7 %

Qudian stock opened at $2.97 on Friday. Qudian has a 12-month low of $1.52 and a 12-month high of $3.20. The firm has a market capitalization of $594.78 million, a price-to-earnings ratio of 74.13 and a beta of 0.76. The firm has a 50 day moving average of $2.84 and a 200 day moving average of $2.31.

Qudian (NYSE:QD) last announced its quarterly earnings data on Friday, November 22nd. The company reported $0.10 earnings per share (EPS) for the quarter. Qudian had a net margin of 18.32% and a return on equity of 0.36%.

About Qudian

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.