Short Interest in QuantaSing Group Limited (NASDAQ:QSG) Rises By 19.2%

QuantaSing Group Limited (NASDAQ:QSG - Get Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 267,200 shares, an increase of 19.2% from the April 30th total of 224,200 shares. Currently, 0.9% of the company's shares are sold short. Based on an average daily volume of 925,000 shares, the days-to-cover ratio is presently 0.3 days.

QuantaSing Group Stock Performance

Shares of QSG traded up $0.26 on Wednesday, hitting $5.86. 716,827 shares of the stock traded hands, compared to its average volume of 408,120. The business has a 50 day simple moving average of $5.63 and a 200 day simple moving average of $3.56. QuantaSing Group has a one year low of $1.47 and a one year high of $8.04. The company has a market capitalization of $300.10 million, a PE ratio of 5.92 and a beta of -1.48.

QuantaSing Group (NASDAQ:QSG - Get Free Report) 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 business 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 expect that QuantaSing Group will post 0.71 earnings per share for the current year.

Hedge Funds Weigh In On QuantaSing Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC purchased a new position in shares of QuantaSing Group in the 4th quarter valued at approximately $27,000. Millennium Management LLC raised its holdings in shares of 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 period. NewEdge Advisors LLC lifted its position in QuantaSing Group by 17.4% during the 1st quarter. NewEdge Advisors LLC now owns 29,636 shares of the company's stock worth $119,000 after acquiring an additional 4,394 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of QuantaSing Group by 301.6% during the first quarter. Acadian Asset Management LLC now owns 93,158 shares of the company's stock worth $369,000 after buying an additional 69,963 shares in the last quarter.

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.

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