TAL Education Group (NYSE:TAL) Short Interest Update

TAL Education Group (NYSE:TAL) was the target of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 16,290,000 shares, a drop of 21.7% from the May 15th total of 20,800,000 shares. Based on an average trading volume of 6,640,000 shares, the short-interest ratio is currently 2.5 days.

TAL Education Group Stock Up 0.5 %

Shares of TAL stock opened at $11.27 on Friday. The stock has a fifty day moving average of $12.06 and a 200 day moving average of $12.21. TAL Education Group has a 52 week low of $5.54 and a 52 week high of $15.52.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.10. The business had revenue of $429.56 million during the quarter, compared to analyst estimates of $389.03 million. TAL Education Group had a negative return on equity of 0.10% and a negative net margin of 0.24%. Equities analysts anticipate that TAL Education Group will post 0.06 EPS for the current year.

Hedge Funds Weigh In On TAL Education Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in TAL. HCEP Management Ltd lifted its position in TAL Education Group by 456.4% during the fourth quarter. HCEP Management Ltd now owns 5,000,000 shares of the company’s stock valued at $63,150,000 after buying an additional 4,101,330 shares during the period. Keystone Investors PTE Ltd. purchased a new position in shares of TAL Education Group in the 3rd quarter worth about $24,353,000. Krane Funds Advisors LLC raised its position in shares of TAL Education Group by 14.0% in the 3rd quarter. Krane Funds Advisors LLC now owns 17,771,371 shares of the company’s stock worth $161,897,000 after purchasing an additional 2,177,640 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of TAL Education Group in the 4th quarter worth about $22,144,000. Finally, WT Asset Management Ltd raised its position in shares of TAL Education Group by 108.7% in the 4th quarter. WT Asset Management Ltd now owns 3,501,979 shares of the company’s stock worth $44,230,000 after purchasing an additional 1,824,094 shares during the last quarter. Hedge funds and other institutional investors own 37.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. HSBC assumed coverage on shares of TAL Education Group in a report on Wednesday, May 29th. They issued a “buy” rating and a $16.00 target price on the stock. StockNews.com upgraded shares of TAL Education Group from a “sell” rating to a “hold” rating in a report on Friday, April 26th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.28.

About TAL Education Group

TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. The company offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.