Bright Scholar Education (NYSE:BEDU) Short Interest Down 95.1% in September

Key Points

• Bright Scholar Education (NYSE:BEDU) experienced a significant drop in short interest, decreasing by 95.1% to just 400 shares as of September 30th, indicating a shift in investor sentiment.
• The company's stock recently traded at $2.18, with a market capitalization of approximately $64.66 million and an average price-to-earnings ratio of 35.83.
• Weiss Ratings has reissued a "sell (d-)" rating on the stock, aligning with the overall average rating of "Sell" from analysts covering Bright Scholar Education.

Bright Scholar Education (NYSE:BEDU - Get Free Report) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 400 shares, a drop of 95.1% from the September 15th total of 8,100 shares. Based on an average trading volume of 7,500 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company's shares are sold short. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 7,500 shares, the short-interest ratio is currently 0.1 days.

Bright Scholar Education Stock Performance

Shares of NYSE BEDU traded up $0.03 during trading on Thursday, hitting $2.18. 21,962 shares of the company traded hands, compared to its average volume of 21,855. The firm has a market capitalization of $64.66 million, a price-to-earnings ratio of 35.83 and a beta of 0.31. The business's fifty day moving average is $1.88 and its 200 day moving average is $1.78. Bright Scholar Education has a fifty-two week low of $1.35 and a fifty-two week high of $2.24.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Bright Scholar Education in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of "Sell".

Bright Scholar Education Company Profile

Bright Scholar Education Holdings Limited, an education service provider, operates and provides K-12 schools and complementary education services in China, Hong Kong, Canada, the United States, and the United Kingdom. The company operates in three segments: Overseas Schools; Complementary Education Services; and Domestic Kindergartens and K-12 Operation Services.

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