QuantaSing Group Limited (NASDAQ:QSG) Sees Large Increase in Short Interest

QuantaSing Group Limited (NASDAQ:QSG) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 47,000 shares, an increase of 90.3% from the March 15th total of 24,700 shares. Based on an average daily trading volume, of 754,600 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QSG. Geode Capital Management LLC purchased a new position in QuantaSing Group in the fourth quarter valued at approximately $27,000. Virtu Financial LLC purchased a new position in shares of QuantaSing Group during the 3rd quarter valued at $31,000. Finally, Millennium Management LLC grew its stake in shares of QuantaSing Group by 173.5% during the 4th quarter. Millennium Management LLC now owns 36,685 shares of the company’s stock worth $79,000 after acquiring an additional 23,272 shares during the period.

QuantaSing Group Price Performance

Shares of NASDAQ QSG traded up $0.38 during midday trading on Friday, reaching $4.28. The company’s stock had a trading volume of 185,087 shares, compared to its average volume of 359,886. The firm has a 50 day moving average price of $3.22 and a 200-day moving average price of $2.89. The stock has a market capitalization of $219.19 million, a P/E ratio of 4.32 and a beta of -1.20. QuantaSing Group has a 12-month low of $1.47 and a 12-month high of $7.96.

QuantaSing Group (NASDAQ:QSG) last announced its earnings results on Tuesday, March 11th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.13. The firm had revenue of $99.55 million during the quarter, compared to analyst estimates of $97.90 million. QuantaSing Group had a return on equity of 88.29% and a net margin of 10.67%. On average, equities analysts predict that QuantaSing Group will post 0.71 EPS for the current year.

QuantaSing Group Company Profile

QuantaSing Group Limited provides online learning services in the People's Republic of China. The company offers online courses, including financial literacy, short-video production, personal well-being, electronic keyboard, and meditation courses. It also offers marketing and enterprise talent management services to enterprise customers.