Qudian Inc. – Sponsored ADR (NYSE:QD) Short Interest Down 17.4% in December

Qudian Inc. – Sponsored ADR (NYSE:QD) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 440,863 shares, a decline of 17.4% from the November 30th total of 533,915 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 301,106 shares, the short-interest ratio is currently 1.5 days. Based on an average daily trading volume, of 301,106 shares, the short-interest ratio is currently 1.5 days. Currently, 0.4% of the company’s shares are sold short.

Hedge Funds Weigh In On Qudian

A number of hedge funds have recently made changes to their positions in QD. SG Americas Securities LLC raised its position in shares of Qudian by 46.8% during the 3rd quarter. SG Americas Securities LLC now owns 360,632 shares of the company’s stock worth $1,540,000 after acquiring an additional 114,892 shares in the last quarter. Invesco Ltd. raised its position in Qudian by 2.3% in the 1st quarter. Invesco Ltd. now owns 166,372 shares of the company’s stock valued at $448,000 after purchasing an additional 3,793 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Qudian by 4.4% in the third quarter. Public Employees Retirement System of Ohio now owns 136,759 shares of the company’s stock valued at $584,000 after buying an additional 5,799 shares during the last quarter. Finally, Brighton Jones LLC acquired a new stake in Qudian during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Qudian Trading Up 1.3%

QD traded up $0.05 on Wednesday, reaching $3.81. The stock had a trading volume of 383,033 shares, compared to its average volume of 301,995. Qudian has a 12-month low of $2.04 and a 12-month high of $5.08. The business’s 50-day moving average price is $4.44 and its two-hundred day moving average price is $4.13. The company has a market cap of $642.71 million, a P/E ratio of 5.60 and a beta of 0.77.

Qudian (NYSE:QD) last issued its quarterly earnings results on Monday, November 24th. The company reported $0.35 EPS for the quarter. The company had revenue of $1.20 million during the quarter. Qudian had a net margin of 909.27% and a return on equity of 7.04%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Qudian in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Qudian Company Profile

Qudian Inc is a China-based consumer finance technology company that offers online small-ticket credit products and services to young, high-potential customers. The company’s platform leverages big data analytics and machine learning to assess creditworthiness, underwrite loans and manage credit risk. By streamlining the loan application process through mobile and web channels, Qudian aims to deliver rapid access to credit for everyday consumptive and lifestyle needs.

Through its proprietary credit scoring system, Qudian provides installment loans, micro-lending products and point-of-sale financing solutions under various branded offerings.