Short Interest in Qudian Inc. (NYSE:QD) Declines By 15.0%

Qudian Inc. (NYSE:QD) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 1,470,000 shares, a decrease of 15.0% from the March 31st total of 1,730,000 shares. Based on an average daily trading volume, of 926,400 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Kathmere Capital Management LLC acquired a new stake in Qudian during the 1st quarter valued at approximately $30,000. Ballentine Partners LLC bought a new stake in shares of Qudian in the 1st quarter valued at $29,000. Headlands Technologies LLC increased its position in shares of Qudian by 89,325.0% during the fourth quarter. Headlands Technologies LLC now owns 14,308 shares of the company’s stock worth $29,000 after buying an additional 14,292 shares during the period. Quadrature Capital Ltd bought a new position in Qudian during the third quarter worth $168,000. Finally, Caxton Associates LP lifted its holdings in Qudian by 77.2% in the third quarter. Caxton Associates LP now owns 174,376 shares of the company’s stock valued at $370,000 after buying an additional 75,959 shares during the period. 8.10% of the stock is owned by institutional investors.

Qudian Price Performance

Shares of NYSE QD opened at $2.46 on Monday. The company has a 50 day simple moving average of $2.43 and a 200 day simple moving average of $2.13. Qudian has a 1 year low of $1.19 and a 1 year high of $2.60. The firm has a market cap of $571.34 million, a PE ratio of 246.00 and a beta of 0.74.

Qudian (NYSE:QD) last announced its quarterly earnings results on Monday, March 18th. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $8.99 million during the quarter. Qudian had a net margin of 47.30% and a return on equity of 0.49%.

About Qudian

Qudian Inc operates as a consumer-oriented technology company in the People's Republic of China. It engages in the operation of online platforms to provide small consumer credit products, as well as provides technology development and services and research and development services. The company was founded in 2014 and is headquartered in Xiamen, the People's Republic of China.