Recent insider trends for Qudian Inc. (NYSE:QD) have caught the attention of investors. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock. In the case of QD, the data has some interesting implications for where the stock might be headed.
Institutions own 03.85% of Qudian Inc. (QD)’s shares. The total value of these holdings, in millions, is $143. Among active positions in the latest quarter, 34 holders increased their positions by a total of 10.26 million shares, 0 holders decreased the positions by a total of 0 shares, and 0 holders held their positions. This works out to a net increase in ownership of 10.26 million shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 34 holders initiated new positions by a total of 10.26 million shares and 0 holders exited their positions by a total of 0 shares. This nets out to an increase of 10.26 million shares and is a bullish sign for QD.
Insider ownership increased by a total of 0 shares, which suggests that QD’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: and ownership increased by a net of 0 shares.
Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. Qudian Inc. (NYSE:QD)’s short interest is 19.75 million shares, or % of the float. This represents an increase of 4% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.
Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that QD is a Qudian Inc. provides online consumer finance platforms primarily in the Peoples Republic of China. The Company offers cash credit products which include funds in digital form and merchandise credit products. Qudian Inc. is headquartered in Beijing, China., which implies that QD is expected to the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Qudian Inc. (NYSE:QD) is .