China Online Education Group – (NYSE:COE) Sees Large Decline in Short Interest

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China Online Education Group – (NYSE:COE) was the target of a significant drop in short interest in the month of November. As of November 29th, there was short interest totalling 6,400 shares, a drop of 32.6% from the November 14th total of 9,500 shares. Based on an average daily volume of 14,700 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.5% of the company’s stock are sold short.

COE traded down $0.87 during trading hours on Wednesday, hitting $5.48. 28,600 shares of the company’s stock were exchanged, compared to its average volume of 10,113. China Online Education Group has a 12-month low of $3.68 and a 12-month high of $8.20. The firm has a 50 day moving average of $6.85 and a 200 day moving average of $6.45.

China Online Education Group (NYSE:COE) last issued its quarterly earnings results on Wednesday, September 11th. The company reported ($0.23) EPS for the quarter. The business had revenue of $51.48 million for the quarter.

About China Online Education Group

China Online Education Group, through its subsidiaries, provides online English language education services to students in the People's Republic of China and the Philippines. It operates online and mobile education platforms that enable students to take live interactive English lessons with international foreign teachers.

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