Short Interest in QuantaSing Group Limited (NASDAQ:QSG) Grows By 347.0%

QuantaSing Group Limited (NASDAQ:QSG - Get Free Report) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 210,100 shares, a growth of 347.0% from the March 31st total of 47,000 shares. Approximately 0.7% of the company's stock are sold short. Based on an average trading volume of 784,400 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in QSG. Virtu Financial LLC bought a new position in shares of QuantaSing Group during the third quarter valued at $31,000. Geode Capital Management LLC bought a new stake in QuantaSing Group during the 4th quarter valued at about $27,000. Finally, Millennium Management LLC raised its holdings in QuantaSing Group by 173.5% in the fourth quarter. Millennium Management LLC now owns 36,685 shares of the company's stock worth $79,000 after buying an additional 23,272 shares during the last quarter.

QuantaSing Group Price Performance

QSG stock traded down $0.09 during midday trading on Wednesday, hitting $6.17. The stock had a trading volume of 301,256 shares, compared to its average volume of 374,943. The firm has a market cap of $315.98 million, a price-to-earnings ratio of 6.23 and a beta of -1.20. The business has a 50-day moving average of $3.69 and a two-hundred day moving average of $2.98. QuantaSing Group has a 52-week low of $1.47 and a 52-week high of $7.96.

QuantaSing Group (NASDAQ:QSG - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.33 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $97.90 million. Research analysts predict that QuantaSing Group will post 0.71 earnings per share for the current year.

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.