Short Interest in Classover Holdings, Inc. (NASDAQ:KIDZ) Drops By 66.2%

Classover Holdings, Inc. (NASDAQ:KIDZ) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 165,177 shares, a decline of 66.2% from the April 30th total of 489,270 shares. Approximately 16.4% of the company’s shares are sold short. Based on an average trading volume of 4,495,181 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Classover

An institutional investor recently bought a new position in Classover stock. Sandia Investment Management LP acquired a new stake in Classover Holdings, Inc. (NASDAQ:KIDZ) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 90,000 shares of the company’s stock, valued at approximately $265,000. Sandia Investment Management LP owned approximately 0.38% of Classover at the end of the most recent quarter. Hedge funds and other institutional investors own 74.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on KIDZ shares. Weiss Ratings cut Classover from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 22nd. Wall Street Zen cut Classover from a “hold” rating to a “strong sell” rating in a research report on Saturday, April 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Classover presently has a consensus rating of “Sell”.

Classover Stock Down 3.2%

Shares of KIDZ traded down $0.01 during mid-day trading on Friday, reaching $0.40. The company had a trading volume of 5,936,753 shares, compared to its average volume of 12,635,082. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a 50-day moving average price of $1.52 and a 200 day moving average price of $7.65. Classover has a 52 week low of $0.35 and a 52 week high of $309.00. The company has a market capitalization of $3.19 million, a price-to-earnings ratio of -0.13 and a beta of -0.83.

Classover (NASDAQ:KIDZ) last issued its quarterly earnings results on Friday, May 15th. The company reported ($365,637.00) EPS for the quarter. Classover had a negative return on equity of 281.13% and a negative net margin of 356.34%.The company had revenue of $0.52 million during the quarter.

Classover Company Profile

Classover is an online enrichment program in Manhattan, New York that offers over 20 courses taught by certified instructors. It caters to children aged 4 to 17, providing personalized attention and a supportive learning environment. Classover is recognized worldwide by over 20,000 parents and children in more than 34 countries. Classover’s proprietary course platform app provides exclusive benefits to students, including access to class schedules, remaining class credits, and class history. As an official test center for the Math Kangaroo Competition and other high-value competition channels, Classover is certified to provide high-quality teaching services to help students improve their academic performance.