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

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

Qudian Stock Up 0.4 %

Shares of NYSE QD traded up $0.01 during midday trading on Wednesday, reaching $2.66. 108,296 shares of the stock were exchanged, compared to its average volume of 547,088. The firm has a 50-day simple moving average of $2.86 and a two-hundred day simple moving average of $2.62. Qudian has a twelve month low of $1.52 and a twelve month high of $3.34. The firm has a market cap of $533.60 million, a price-to-earnings ratio of 66.50 and a beta of 0.70.

Qudian (NYSE:QD) last issued its quarterly earnings data 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 firm had revenue of $7.16 million during the quarter.

Hedge Funds Weigh In On Qudian

A number of hedge funds have recently bought and sold shares of QD. Sei Investments Co. acquired a new position in shares of Qudian during the 4th quarter worth approximately $30,000. Brighton Jones LLC acquired a new position in Qudian during the fourth quarter worth $34,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Qudian during the third quarter valued at $32,000. SBI Securities Co. Ltd. acquired a new stake in shares of Qudian in the fourth quarter valued at about $57,000. Finally, XTX Topco Ltd purchased a new stake in shares of Qudian during the third quarter worth about $50,000. Hedge funds and other institutional investors own 8.10% of the company’s stock.

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.