Short Interest in QuantaSing Group Limited (NASDAQ:QSG) Grows By 90.3%

QuantaSing Group Limited (NASDAQ:QSG - Get Free Report) was the recipient of a large increase in short interest in the month of 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 volume of 754,600 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the company's stock are short sold.

Institutional Trading of QuantaSing Group

A number of hedge funds and other institutional investors have recently made changes to their positions in QSG. Virtu Financial LLC bought a new stake in QuantaSing Group in the third quarter valued at about $31,000. Millennium Management LLC grew its position in QuantaSing Group by 173.5% in the 4th quarter. Millennium Management LLC now owns 36,685 shares of the company's stock worth $79,000 after purchasing an additional 23,272 shares during the last quarter. Finally, Geode Capital Management LLC acquired a new stake in QuantaSing Group in the 4th quarter valued at approximately $27,000.

QuantaSing Group Trading Down 9.3 %

NASDAQ:QSG traded down $0.40 during mid-day trading on Monday, hitting $3.88. The company had a trading volume of 233,175 shares, compared to its average volume of 361,519. QuantaSing Group has a 1 year low of $1.47 and a 1 year high of $7.96. The firm has a market capitalization of $198.70 million, a price-to-earnings ratio of 3.92 and a beta of -1.20. The business has a fifty day simple moving average of $3.26 and a 200-day simple moving average of $2.89.

QuantaSing Group (NASDAQ:QSG - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.13. QuantaSing Group had a net margin of 10.67% and a return on equity of 88.29%. The business had revenue of $99.55 million for the quarter, compared to analysts' expectations of $97.90 million. As a group, research analysts anticipate that QuantaSing Group will post 0.71 earnings per share 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.