Qudian Inc – (QD) Short Interest Update

Qudian Inc – (NYSE:QD) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 4,834,755 shares, an increase of 52.3% from the February 28th total of 3,174,066 shares. Based on an average trading volume of 4,018,979 shares, the days-to-cover ratio is presently 1.2 days.

QD opened at $5.21 on Thursday. The firm has a market capitalization of $1.67 billion, a PE ratio of 4.45 and a beta of 1.47. Qudian has a 12-month low of $4.00 and a 12-month high of $12.26. The company has a quick ratio of 2.72, a current ratio of 2.89 and a debt-to-equity ratio of 0.04.

Qudian (NYSE:QD) last announced its quarterly earnings data on Monday, March 18th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.05. Qudian had a return on equity of 23.87% and a net margin of 32.10%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the company earned $0.27 earnings per share. Qudian’s quarterly revenue was up 20.9% compared to the same quarter last year.

Several equities research analysts have recently weighed in on QD shares. Nomura reissued a “neutral” rating on shares of Qudian in a research note on Wednesday, February 27th. ValuEngine upgraded Qudian from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Seven investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average price target of $18.67.

Several large investors have recently made changes to their positions in QD. Bank of America Corp DE raised its holdings in shares of Qudian by 2,791.2% during the fourth quarter. Bank of America Corp DE now owns 1,279,985 shares of the company’s stock worth $5,491,000 after acquiring an additional 1,235,713 shares in the last quarter. Laurion Capital Management LP purchased a new stake in shares of Qudian during the third quarter worth $4,210,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD raised its holdings in shares of Qudian by 552.0% during the fourth quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 949,121 shares of the company’s stock worth $4,072,000 after acquiring an additional 803,540 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of Qudian by 1,542.7% during the fourth quarter. Two Sigma Investments LP now owns 615,883 shares of the company’s stock worth $2,642,000 after acquiring an additional 578,390 shares in the last quarter. Finally, Credit Suisse AG raised its holdings in shares of Qudian by 943.9% during the third quarter. Credit Suisse AG now owns 594,767 shares of the company’s stock worth $3,099,000 after acquiring an additional 537,794 shares in the last quarter. Institutional investors and hedge funds own 6.40% of the company’s stock.

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Qudian Company Profile

Qudian Inc provides online small consumer credit products in the People's Republic of China. It uses big data-enabled technologies, including artificial intelligence and machine learning to transform the consumer finance experience. The company offers cash credit products, such as cash short-term unsecured lines of credit, which are distributed in digital form; and merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on installment basis, as well as budget auto financing products.

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