Qudian Inc – (NYSE:QD) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 14,161,708 shares, an increase of 48.0% from the November 15th total of 9,566,799 shares. Based on an average daily volume of 13,441,568 shares, the days-to-cover ratio is presently 1.1 days.

QD has been the topic of several analyst reports. Sanford C. Bernstein initiated coverage on shares of Qudian in a report on Thursday, October 19th. They issued an “outperform” rating on the stock. Credit Suisse Group initiated coverage on shares of Qudian in a report on Monday, November 13th. They issued an “outperform” rating on the stock. Macquarie initiated coverage on shares of Qudian in a report on Tuesday, November 14th. They issued an “outperform” rating and a $36.00 target price on the stock. Citigroup initiated coverage on shares of Qudian in a report on Tuesday, November 14th. They issued a “buy” rating on the stock. Finally, Stifel Nicolaus initiated coverage on shares of Qudian in a report on Wednesday, November 15th. They issued a “buy” rating and a $35.00 target price on the stock. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $24.50.

Shares of Qudian (NYSE QD) opened at $12.86 on Wednesday. Qudian has a fifty-two week low of $11.33 and a fifty-two week high of $35.45. The company has a debt-to-equity ratio of -0.14, a current ratio of 1.39 and a quick ratio of 1.39.

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About Qudian

Qudian Inc provides cash credit products, which provide funds in digital form, and merchandise credit products. The Company operates through an online platform and all the transaction are facilitated through mobile devices. Borrowers can apply for credit on their mobile phones and receive approval within a few seconds.

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