PPDAI Group Inc – (NYSE:PPDF) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 1,181,000 shares, a growth of 25.3% from the July 31st total of 942,600 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 1,430,000 shares, the days-to-cover ratio is currently 0.8 days.
PPDF traded up $0.06 during mid-day trading on Friday, reaching $3.92. 626,471 shares of the stock were exchanged, compared to its average volume of 1,249,929. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.22 and a current ratio of 2.22. The stock has a market capitalization of $1.17 billion, a PE ratio of 3.50 and a beta of 1.56. The company has a 50 day moving average price of $3.72 and a two-hundred day moving average price of $4.50. PPDAI Group has a 1 year low of $2.85 and a 1 year high of $6.60.
PPDAI Group (NYSE:PPDF) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.95 by ($1.64). The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.33 billion. PPDAI Group had a return on equity of 45.31% and a net margin of 52.42%. The firm’s revenue for the quarter was up 46.6% on a year-over-year basis.
A number of institutional investors and hedge funds have recently bought and sold shares of PPDF. Aperio Group LLC purchased a new position in PPDAI Group during the 2nd quarter worth $26,000. Bank of Montreal Can purchased a new position in PPDAI Group during the 2nd quarter worth $39,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in PPDAI Group during the 2nd quarter worth $44,000. Russell Investments Group Ltd. purchased a new position in PPDAI Group during the 2nd quarter worth $48,000. Finally, Mackenzie Financial Corp purchased a new position in PPDAI Group during the 2nd quarter worth $72,000. 10.49% of the stock is currently owned by hedge funds and other institutional investors.
PPDF has been the topic of a number of analyst reports. ValuEngine downgraded shares of PPDAI Group from a “hold” rating to a “sell” rating in a report on Friday, June 14th. TheStreet downgraded shares of PPDAI Group from a “c-” rating to a “d” rating in a report on Monday, May 20th.
About PPDAI Group
PPDAI Group Inc, an investment holding company, operates an online consumer finance marketplace through its platform in the People's Republic of China. It provides services to match borrowers with investors and facilitate loan transactions on its marketplace through the lifecycle of loans. The company offers standard, handy cash, consumption, and other loan products; and investment services to investors and institutional funding partners.
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