Short Interest in PPDAI Group Inc – (NYSE:PPDF) Rises By 25.3%

PPDAI Group Inc – (NYSE:PPDF) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,181,000 shares, an increase of 25.3% from the July 31st total of 942,600 shares. Based on an average daily trading volume, of 1,430,000 shares, the short-interest ratio is presently 0.8 days. Currently, 0.7% of the company’s shares are sold short.

NYSE:PPDF traded up $0.06 during mid-day trading on Friday, hitting $3.92. 626,471 shares of the company’s stock were exchanged, compared to its average volume of 1,249,929. The company has a 50 day simple moving average of $3.72 and a 200-day simple moving average of $4.50. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.01. PPDAI Group has a fifty-two week low of $2.85 and a fifty-two week high of $6.60. The firm has a market capitalization of $1.17 billion, a P/E ratio of 3.50 and a beta of 1.56.

PPDAI Group (NYSE:PPDF) last posted its earnings results on Tuesday, August 20th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $1.95 by ($1.64). PPDAI Group had a return on equity of 45.31% and a net margin of 52.42%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.33 billion. The company’s revenue was up 46.6% on a year-over-year basis.

Several research firms recently commented on PPDF. TheStreet downgraded shares of PPDAI Group from a “c-” rating to a “d” rating in a research report on Monday, May 20th. ValuEngine downgraded shares of PPDAI Group from a “hold” rating to a “sell” rating in a research report on Friday, June 14th.

Large investors have recently bought and sold shares of the stock. Aperio Group LLC acquired a new stake in PPDAI Group during the 2nd quarter worth approximately $26,000. Bank of Montreal Can bought a new position in PPDAI Group during the 2nd quarter worth approximately $39,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in PPDAI Group during the 2nd quarter worth approximately $44,000. Russell Investments Group Ltd. bought a new position in PPDAI Group during the 2nd quarter worth approximately $48,000. Finally, Mackenzie Financial Corp bought a new position in PPDAI Group during the 2nd quarter worth approximately $72,000. Institutional investors and hedge funds own 10.49% of the company’s stock.

PPDAI Group Company Profile

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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