QuantaSing Group Limited (NASDAQ:QSG) Sees Significant Drop in Short Interest

Posted by Linda Flegge on Feb 13th, 2025

QuantaSing Group Limited (NASDAQ:QSG – Get Free Report) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 37,000 shares, a decline of 81.0% from the January 15th total of 195,000 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 107,900 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of QuantaSing Group

Large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC acquired a new position in shares of QuantaSing Group during the 2nd quarter valued at about $49,000. Meridian Wealth Management LLC purchased a new position in QuantaSing Group during the third quarter worth about $35,000. Virtu Financial LLC acquired a new position in QuantaSing Group in the 3rd quarter valued at about $31,000. Finally, Geode Capital Management LLC purchased a new stake in shares of QuantaSing Group in the 4th quarter valued at approximately $27,000.

QuantaSing Group Trading Up 0.8 %

QSG traded up $0.02 on Wednesday, hitting $2.58. 69,922 shares of the company’s stock were exchanged, compared to its average volume of 109,926. The firm has a 50-day moving average price of $2.27 and a 200-day moving average price of $2.40. The stock has a market cap of $132.12 million, a price-to-earnings ratio of 2.61 and a beta of 0.36. QuantaSing Group has a fifty-two week low of $1.47 and a fifty-two week high of $6.22.

QuantaSing Group (NASDAQ:QSG – Get Free Report) last released its earnings results on Wednesday, November 27th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). QuantaSing Group had a return on equity of 88.29% and a net margin of 10.67%. On average, equities analysts predict that QuantaSing Group will post 0.71 EPS for the current year.

QuantaSing Group Company Profile

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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.