Short Interest in Qudian Inc. (NYSE:QD) Decreases By 17.5%

Qudian Inc. (NYSE:QD) saw a significant decrease in short interest in September. As of September 15th, there was short interest totalling 1,460,000 shares, a decrease of 17.5% from the August 31st total of 1,770,000 shares. Based on an average daily trading volume, of 440,300 shares, the short-interest ratio is currently 3.3 days.

Qudian Trading Up 2.5 %

Shares of NYSE:QD traded up $0.05 during midday trading on Friday, reaching $2.07. The company had a trading volume of 1,122,019 shares, compared to its average volume of 385,022. The company has a fifty day simple moving average of $1.83 and a two-hundred day simple moving average of $2.01. Qudian has a 1-year low of $1.52 and a 1-year high of $2.60.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in shares of Qudian by 40.2% in the 1st quarter. SG Americas Securities LLC now owns 569,447 shares of the company’s stock valued at $1,424,000 after acquiring an additional 163,397 shares in the last quarter. Jane Street Group LLC grew its position in Qudian by 5,018.4% during the 1st quarter. Jane Street Group LLC now owns 3,030,452 shares of the company’s stock worth $7,576,000 after purchasing an additional 2,971,245 shares in the last quarter. Ballentine Partners LLC acquired a new stake in Qudian during the 1st quarter valued at $29,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of Qudian by 8.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 201,538 shares of the company’s stock valued at $504,000 after purchasing an additional 16,342 shares in the last quarter. Finally, Caprock Group LLC acquired a new stake in shares of Qudian in the second quarter worth $65,000. 8.10% of the stock is owned by hedge funds and other institutional investors.

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.