Qudian Inc – (QD) Short Interest Update

Qudian Inc – (NYSE:QD) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 4,834,755 shares, a growth of 52.3% from the February 28th total of 3,174,066 shares. Based on an average trading volume of 4,018,979 shares, the short-interest ratio is presently 1.2 days.

Institutional investors have recently bought and sold shares of the business. Financial Gravity Wealth Inc. acquired a new stake in shares of Qudian in the first quarter valued at about $28,000. Financial Gravity Companies Inc. acquired a new stake in shares of Qudian in the fourth quarter valued at about $29,000. Legal & General Group Plc acquired a new stake in shares of Qudian in the third quarter valued at about $38,000. Mackenzie Financial Corp acquired a new stake in shares of Qudian in the fourth quarter valued at about $58,000. Finally, Ayalon Holdings Ltd. grew its position in shares of Qudian by 183.7% in the fourth quarter. Ayalon Holdings Ltd. now owns 17,400 shares of the company’s stock valued at $75,000 after purchasing an additional 11,266 shares during the last quarter. 6.41% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on QD. TheStreet upgraded Qudian from a “d+” rating to a “c-” rating in a research report on Thursday, April 18th. Zacks Investment Research upgraded Qudian from a “hold” rating to a “strong-buy” rating and set a $6.25 target price for the company in a report on Thursday, April 11th. Morgan Stanley upgraded Qudian from an “equal weight” rating to an “overweight” rating and set a $7.00 target price for the company in a report on Monday, April 8th. Nomura restated a “neutral” rating on shares of Qudian in a report on Wednesday, February 27th. Finally, ValuEngine upgraded Qudian from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Qudian presently has a consensus rating of “Hold” and a consensus price target of $13.85.

Shares of NYSE:QD traded up $0.30 during midday trading on Friday, hitting $6.44. 4,531,722 shares of the stock were exchanged, compared to its average volume of 4,433,247. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.04. Qudian has a 52-week low of $4.00 and a 52-week high of $12.26. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 5.70 and a beta of 1.47.

Qudian (NYSE:QD) last announced its quarterly earnings data on Monday, March 18th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.05. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.83 billion. Qudian had a return on equity of 23.87% and a net margin of 32.10%. Qudian’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period last year, the company earned $0.27 earnings per share. On average, sell-side analysts forecast that Qudian will post 11.75 EPS for the current year.

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About Qudian

Qudian Inc provides online small consumer credit products in the People's Republic of China. It uses big data-enabled technologies, including artificial intelligence and machine learning to transform the consumer finance experience. The company offers cash credit products, such as cash short-term unsecured lines of credit, which are distributed in digital form; and merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on installment basis, as well as budget auto financing products.

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