QuantaSing Group Limited (NASDAQ:QSG) Short Interest Update

QuantaSing Group Limited (NASDAQ:QSG) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 231,500 shares, a drop of 13.1% from the August 31st total of 266,300 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 47,700 shares, the days-to-cover ratio is currently 4.9 days.

QuantaSing Group Trading Down 7.5 %

Shares of QSG stock opened at $1.84 on Friday. The company’s fifty day moving average price is $1.72 and its 200-day moving average price is $2.36. QuantaSing Group has a 12 month low of $1.41 and a 12 month high of $4.48. The stock has a market cap of $94.23 million, a PE ratio of 3.23 and a beta of 0.79.

QuantaSing Group (NASDAQ:QSG) last issued its earnings results on Wednesday, August 28th. The company reported $0.50 EPS for the quarter. QuantaSing Group had a return on equity of 104.58% and a net margin of 10.15%. The business had revenue of $137.62 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new stake in shares of QuantaSing Group in the 2nd quarter worth $36,000. Renaissance Technologies LLC bought a new stake in QuantaSing Group during the second quarter valued at about $49,000. Finally, Boston Partners purchased a new stake in QuantaSing Group in the first quarter worth about $401,000.

About QuantaSing Group

QuantaSing Group Limited provides online learning services in the People's Republic of China. The company offers online courses, including financial literacy, short-video production, personal well-being, electronic keyboard, and meditation courses. It also offers marketing and enterprise talent management services to enterprise customers.