EpicQuest Education Group International Limited (NASDAQ:EEIQ) Shares Shorted: Short Interest Down 45.6% in October

EpicQuest Education Group International Limited (NASDAQ:EEIQ) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 9,463 shares, a drop of 45.6% from the September 30th total of 17,381 shares. Based on an average daily volume of 14,877 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.7% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of EpicQuest Education Group International from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 23rd. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has an average rating of “Sell”.

EpicQuest Education Group International Price Performance

Shares of NASDAQ:EEIQ traded down $0.04 during trading on Friday, hitting $4.15. 9,977 shares of the stock were exchanged, compared to its average volume of 9,749. EpicQuest Education Group International has a 1-year low of $1.90 and a 1-year high of $12.70. The company’s fifty day simple moving average is $4.03 and its 200-day simple moving average is $3.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.91 and a quick ratio of 1.91.

About EpicQuest Education Group International

EpicQuest Education Group International Inc (NASDAQ: EEIQ) is an education services company focused on post-secondary institutions in North America. The company provides career-oriented educational programs and related student services through its portfolio of colleges.

EpicQuest’s education offerings include academic and vocational programs designed to serve domestic and international students. Its institutions have offered programs in areas such as business, healthcare and other career-focused disciplines, along with English-language and student-support services where applicable.

The company was formerly known as Elite Education Group International Inc and adopted the EpicQuest Education Group International name as part of its broader education-platform strategy.