Short Interest in PPDAI Group Inc – (NYSE:PPDF) Declines By 17.0%

PPDAI Group Inc – (NYSE:PPDF) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 984,300 shares, a decline of 17.0% from the May 30th total of 1,185,700 shares. Based on an average daily trading volume, of 1,470,000 shares, the short-interest ratio is presently 0.7 days. Approximately 0.6% of the company’s stock are short sold.

A number of equities analysts have recently commented on PPDF shares. ValuEngine lowered USD Partners from a “hold” rating to a “sell” rating in a research note on Friday, June 14th. Zacks Investment Research upgraded IMI PLC/S from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, TheStreet lowered Tribune Publishing from a “c-” rating to a “d+” rating in a research note on Monday, May 20th. One analyst has rated the stock with a sell rating and two have given a hold rating to the company’s stock. PPDAI Group has a consensus rating of “Hold” and a consensus target price of $4.88.

Shares of PPDAI Group stock traded down $0.06 during trading on Friday, reaching $4.47. The company’s stock had a trading volume of 860,201 shares, compared to its average volume of 1,554,294. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.32 and a current ratio of 2.32. The stock has a fifty day moving average price of $4.52. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 3.99 and a beta of 1.59. PPDAI Group has a one year low of $2.85 and a one year high of $6.95.

PPDAI Group (NYSE:PPDF) last posted its quarterly earnings data on Wednesday, May 15th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.10. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.23 billion. PPDAI Group had a return on equity of 48.73% and a net margin of 56.74%. The firm’s revenue was up 571.1% compared to the same quarter last year. On average, equities research analysts anticipate that PPDAI Group will post 0.97 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of PPDF. Segantii Capital Management Ltd bought a new position in shares of PPDAI Group in the first quarter worth about $59,000. Virtu Financial LLC bought a new position in PPDAI Group during the first quarter valued at about $62,000. First Republic Investment Management Inc. bought a new position in PPDAI Group during the first quarter valued at about $96,000. Northern Trust Corp bought a new position in PPDAI Group during the fourth quarter valued at about $285,000. Finally, Geode Capital Management LLC bought a new position in PPDAI Group during the fourth quarter valued at about $304,000. Institutional investors and hedge funds own 8.76% of the company’s stock.

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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