Qudian Inc. Sponsored ADR (QD) Short Interest Up Infinity in October
Qudian Inc. Sponsored ADR (NYSE:QD) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 5,315,060 shares, a growth of Infinity from the October 13th total of 0 shares. Based on an average daily volume of 9,318,277 shares, the short-interest ratio is currently 0.6 days.
A number of research firms have recently issued reports on QD. Credit Suisse Group began coverage on Qudian Inc. Sponsored ADR in a report on Monday. They issued an “outperform” rating for the company. Sanford C. Bernstein initiated coverage on shares of Qudian Inc. Sponsored ADR in a research note on Thursday, October 19th. They issued an “outperform” rating on the stock.
Qudian Inc. Sponsored ADR (NYSE:QD) opened at $27.23 on Tuesday. Qudian Inc. Sponsored ADR has a one year low of $21.90 and a one year high of $35.45.
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