Qudian Inc. (NYSE:QD) Short Interest Down 17.5% in September

Qudian Inc. (NYSE:QD) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totalling 1,460,000 shares, a decrease of 17.5% from the August 31st total of 1,770,000 shares. Based on an average daily volume of 440,300 shares, the short-interest ratio is currently 3.3 days.

Qudian Stock Up 2.5 %

NYSE:QD traded up $0.05 during mid-day trading on Friday, hitting $2.07. 1,122,019 shares of the company traded hands, compared to its average volume of 385,022. The stock’s fifty day moving average price is $1.83 and its 200-day moving average price is $2.01. The firm has a market cap of $415.24 million, a price-to-earnings ratio of -6.90 and a beta of 0.61. Qudian has a one year low of $1.52 and a one year high of $2.60.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in QD. Ballentine Partners LLC raised its holdings in Qudian by 91.4% during the second quarter. Ballentine Partners LLC now owns 21,934 shares of the company’s stock valued at $43,000 after acquiring an additional 10,476 shares during the period. Kathmere Capital Management LLC purchased a new stake in shares of Qudian during the first quarter worth about $30,000. O Shaughnessy Asset Management LLC raised its stake in Qudian by 8.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 201,538 shares of the company’s stock valued at $504,000 after purchasing an additional 16,342 shares during the period. Caprock Group LLC purchased a new position in Qudian in the 2nd quarter worth approximately $65,000. Finally, Caxton Associates LP boosted its stake in Qudian by 41.4% in the 1st quarter. Caxton Associates LP now owns 246,522 shares of the company’s stock worth $616,000 after purchasing an additional 72,146 shares during the period. 8.10% of the stock is currently owned by institutional investors.

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.