QuantaSing Group Limited (NASDAQ:QSG) Short Interest Update

QuantaSing Group Limited (NASDAQ:QSG) was the target of a large drop in short interest in 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. Based on an average daily trading volume, of 47,700 shares, the days-to-cover ratio is presently 4.9 days. Approximately 0.8% of the shares of the stock are sold short.

Institutional Investors Weigh In On QuantaSing Group

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

QuantaSing Group Trading Down 7.5 %

Shares of NASDAQ:QSG opened at $1.84 on Monday. The company has a market cap of $103.93 million, a price-to-earnings ratio of 3.23 and a beta of 0.79. QuantaSing Group has a 12 month low of $1.41 and a 12 month high of $4.48. The company has a 50-day moving average price of $1.72 and a 200 day moving average price of $2.36.

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

QuantaSing Group Company Profile

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.