Tarena International Inc (NASDAQ:TEDU) Sees Large Decrease in Short Interest

Tarena International Inc (NASDAQ:TEDU) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 760,100 shares, a decline of 21.0% from the June 15th total of 961,700 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average daily volume of 441,600 shares, the short-interest ratio is currently 1.7 days.

Shares of TEDU traded down $0.02 during midday trading on Tuesday, hitting $1.66. The company had a trading volume of 5,356 shares, compared to its average volume of 558,653. The company’s 50 day moving average price is $2.14 and its 200 day moving average price is $2.80. Tarena International has a 52 week low of $0.69 and a 52 week high of $5.36.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its position in shares of Tarena International by 11.2% in the 4th quarter. Renaissance Technologies LLC now owns 1,049,699 shares of the business services provider’s stock worth $2,057,000 after purchasing an additional 105,510 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Tarena International during the 1st quarter valued at about $222,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Tarena International during the 1st quarter valued at about $30,000. 9.58% of the stock is owned by institutional investors.

Tarena International Company Profile

Tarena International, Inc, through its subsidiaries, provides professional education services through full-time and part-time classes in the People's Republic of China. It offers education courses in 13 information technology (IT) subjects, such as Java, .NET, C++, software testing, embedded, PHP, Android, iOS, Linux and network engineering, Big Data, Web front-end development, VR/AR, and Python; and 3 non-IT subjects, including digital art, online sales and marketing, and accounting through live distance instruction, classroom-based tutoring, and online learning modules.

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