Qudian Inc. (NYSE:QD) Short Interest Down 15.4% in March

Qudian Inc. (NYSE:QD) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 728,300 shares, a drop of 15.4% from the February 28th total of 861,100 shares. Based on an average daily volume of 396,900 shares, the short-interest ratio is presently 1.8 days. Approximately 0.5% of the shares of the stock are short sold.

Qudian Trading Down 2.2 %

Shares of Qudian stock traded down $0.06 during trading on Thursday, hitting $2.62. The stock had a trading volume of 260,490 shares, compared to its average volume of 543,409. Qudian has a 12 month low of $1.52 and a 12 month high of $3.34. The firm has a market cap of $525.98 million, a price-to-earnings ratio of 65.63 and a beta of 0.47. The business’s 50-day moving average is $2.85 and its 200 day moving average is $2.62.

Qudian (NYSE:QD) last announced its earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share for the quarter. Qudian had a return on equity of 0.36% and a net margin of 18.32%. The business had revenue of $7.16 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in Qudian by 17.1% in the 4th quarter. Bank of America Corp DE now owns 54,351 shares of the company’s stock worth $153,000 after buying an additional 7,951 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Qudian by 31.7% during the 4th quarter. BNP Paribas Financial Markets now owns 37,671 shares of the company’s stock worth $106,000 after acquiring an additional 9,070 shares during the last quarter. Sei Investments Co. purchased a new position in Qudian in the fourth quarter worth $30,000. Brighton Jones LLC bought a new position in Qudian in the fourth quarter valued at $34,000. Finally, Ballentine Partners LLC increased its stake in Qudian by 124.2% in the fourth quarter. Ballentine Partners LLC now owns 24,548 shares of the company’s stock valued at $69,000 after acquiring an additional 13,599 shares during the last quarter. 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.