Skillful Craftsman Education Technology Limited (NASDAQ:EDTK) Sees Significant Increase in Short Interest

Skillful Craftsman Education Technology Limited (NASDAQ:EDTK) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 8,554 shares, a growth of 106,825.0% from the September 30th total of 8 shares. Based on an average daily volume of 92,651 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Skillful Craftsman Education Technology Stock Up 5.3%

Shares of NASDAQ:EDTK traded up $0.05 during midday trading on Monday, hitting $0.94. The company had a trading volume of 32,184 shares, compared to its average volume of 11,936. The firm has a fifty day simple moving average of $0.95 and a 200 day simple moving average of $0.97. Skillful Craftsman Education Technology has a 12 month low of $0.80 and a 12 month high of $1.36.

Skillful Craftsman Education Technology (NASDAQ:EDTK) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.23) earnings per share (EPS) for the quarter. The company had revenue of $0.01 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Skillful Craftsman Education Technology from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Skillful Craftsman Education Technology presently has a consensus rating of “Sell”.

About Skillful Craftsman Education Technology

Skillful Craftsman Education Technology Limited (NASDAQ: EDTK) is an education technology company focused on providing online education and vocational training services in China. The company uses digital platforms to deliver learning content and support users pursuing professional development and skills-based education.

Its offerings are centered on online courses, training programs and related educational services designed to help students and working professionals prepare for vocational examinations, obtain qualifications and improve job-related skills.