Qudian Inc. (NYSE:QD) Short Interest Update

Qudian Inc. (NYSE:QD) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 1,460,000 shares, a decline of 17.5% from the August 31st total of 1,770,000 shares. Based on an average trading volume of 440,300 shares, the days-to-cover ratio is presently 3.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Ballentine Partners LLC acquired a new position in shares of Qudian in the 1st quarter valued at approximately $29,000. Kathmere Capital Management LLC bought a new position in shares of Qudian in the 1st quarter valued at $30,000. Caprock Group LLC bought a new position in shares of Qudian in the 2nd quarter valued at $65,000. O Shaughnessy Asset Management LLC raised its holdings in shares of Qudian by 8.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 201,538 shares of the company’s stock worth $504,000 after buying an additional 16,342 shares in the last quarter. Finally, Caxton Associates LP lifted its position in shares of Qudian by 41.4% during the 1st quarter. Caxton Associates LP now owns 246,522 shares of the company’s stock worth $616,000 after buying an additional 72,146 shares during the last quarter. 8.10% of the stock is owned by institutional investors.

Qudian Trading Up 3.9 %

Shares of NYSE:QD traded up $0.08 during trading on Monday, reaching $2.15. 201,316 shares of the stock were exchanged, compared to its average volume of 702,247. The firm has a market cap of $431.29 million, a PE ratio of -6.90 and a beta of 0.61. Qudian has a 12 month low of $1.52 and a 12 month high of $2.60. The stock has a 50-day moving average price of $1.83 and a 200-day moving average price of $2.00.

Qudian Company Profile

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.