China Online Education Group – (NYSE:COE) Short Interest Down 60.1% in October

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China Online Education Group – (NYSE:COE) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 6,900 shares, a decrease of 60.1% from the September 30th total of 17,300 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 13,700 shares, the days-to-cover ratio is presently 0.5 days.

Separately, ValuEngine raised shares of China Online Education Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

COE traded up $0.07 on Friday, hitting $6.91. 9,297 shares of the stock were exchanged, compared to its average volume of 9,977. China Online Education Group has a 12 month low of $3.68 and a 12 month high of $8.66. The business has a 50-day moving average of $7.12 and a two-hundred day moving average of $6.36.

China Online Education Group (NYSE:COE) last posted its quarterly earnings data on Wednesday, September 11th. The company reported ($0.23) earnings per share for the quarter. The company 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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