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

QuantaSing Group Limited (NASDAQ:QSG) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totalling 231,500 shares, a decline of 13.1% from the August 31st total of 266,300 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 47,700 shares, the short-interest ratio is currently 4.9 days.

Institutional Investors Weigh In On QuantaSing Group

Hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC purchased a new stake in QuantaSing Group in the 2nd quarter worth approximately $36,000. Renaissance Technologies LLC bought a new position in shares of QuantaSing Group in the second quarter worth $49,000. Finally, Boston Partners purchased a new stake in shares of QuantaSing Group in the first quarter worth $401,000.

QuantaSing Group Stock Down 7.5 %

Shares of QuantaSing Group stock opened at $1.84 on Friday. The company’s fifty day moving average is $1.72 and its 200 day moving average is $2.36. The stock has a market cap of $94.23 million, a price-to-earnings ratio of 3.23 and a beta of 0.79. QuantaSing Group has a twelve month low of $1.41 and a twelve month high of $4.48.

QuantaSing Group (NASDAQ:QSG) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.50 earnings per share for the quarter. The firm had revenue of $137.62 million during the quarter. QuantaSing Group had a return on equity of 104.58% and a net margin of 10.15%.

About QuantaSing Group

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.