Quantasing Group Ltd (NASDAQ:HERE) Stock Short Interest Climbs 126.4%

Quantasing Group Ltd (NASDAQ:HERE) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 530,230 shares, an increase of 126.4% from the September 15th total of 234,184 shares. Based on an average daily trading volume, of 28,530 shares, the days-to-cover ratio is currently 18.6 days. Approximately 1.0% of the shares of the company are short sold.

Quantasing Group Stock Down 3.1%

Shares of HERE traded down $0.05 during midday trading on Thursday, reaching $1.57. The company had a trading volume of 10,385 shares, compared to its average volume of 20,181. Quantasing Group has a 1-year low of $1.50 and a 1-year high of $7.95. The firm has a 50 day simple moving average of $1.80 and a 200-day simple moving average of $2.28. The stock has a market cap of $85.82 million, a PE ratio of 14.26 and a beta of -0.47.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Quantasing Group in a research note on Friday, September 4th. Wall Street Zen upgraded Quantasing Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $2.50.

Institutional Trading of Quantasing Group

An institutional investor recently bought a new stake in Quantasing Group stock. SG Americas Securities LLC bought a new position in shares of Quantasing Group Ltd (NASDAQ:HERE) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 87,121 shares of the company’s stock, valued at approximately $308,000. SG Americas Securities LLC owned approximately 0.16% of Quantasing Group as of its most recent SEC filing.

Quantasing Group Company Profile

We believe that personal learning and development is a lifelong journey. Everyone, regardless of background, should be given an equal opportunity to pursue their interests, passions, and goals. Our mission is to improve people’s quality of life and well-being by providing them lifelong personal learning and development opportunities. QuantaSing Group is the largest online learning service provider in China’s adult learning market for personal interest courses and among the top five service providers in China’s total adult learning market, in terms of revenue in 2021, according to the F&S report.