TAL Education Group (NYSE:TAL) Short Interest Down 17.6% in March

TAL Education Group (NYSE:TAL - Get Free Report) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 20,060,000 shares, a drop of 17.6% from the March 15th total of 24,350,000 shares. Based on an average trading volume of 6,790,000 shares, the short-interest ratio is currently 3.0 days.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. TheStreet upgraded TAL Education Group from a "d+" rating to a "c-" rating in a research report on Wednesday, February 14th. JPMorgan Chase & Co. upgraded TAL Education Group from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $10.00 to $15.00 in a report on Thursday, January 25th. Finally, StockNews.com downgraded TAL Education Group from a "hold" rating to a "sell" rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $12.37.

TAL Education Group Stock Down 4.2 %

Shares of NYSE TAL traded down $0.51 during trading on Friday, hitting $11.70. 12,252,501 shares of the company traded hands, compared to its average volume of 4,432,983. TAL Education Group has a 1 year low of $5.09 and a 1 year high of $15.52. The company has a 50-day moving average price of $12.69 and a 200-day moving average price of $11.37. The firm has a market capitalization of $7.46 billion, a P/E ratio of -106.36 and a beta of 0.15.

TAL Education Group (NYSE:TAL - Get Free Report) last announced its quarterly earnings data on Thursday, January 25th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). TAL Education Group had a negative net margin of 5.30% and a negative return on equity of 1.93%. The company had revenue of $373.51 million for the quarter, compared to analysts' expectations of $330.96 million. Research analysts predict that TAL Education Group will post -0.06 EPS for the current fiscal year.

Institutional Trading of TAL Education Group

Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its position in TAL Education Group by 50.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,550 shares of the company's stock worth $45,000 after purchasing an additional 1,191 shares during the period. IPG Investment Advisors LLC purchased a new stake in TAL Education Group during the 4th quarter worth $126,000. Advisor Partners II LLC purchased a new stake in TAL Education Group during the 4th quarter worth $71,000. CIBC Asset Management Inc acquired a new position in TAL Education Group in the 4th quarter worth $133,000. Finally, AQR Capital Management LLC acquired a new position in TAL Education Group in the 3rd quarter worth $100,000. 37.79% of the stock is owned by hedge funds and other institutional investors.

About TAL Education Group

TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. The company offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.