Short Interest in Wah Fu Education Group Limited (NASDAQ:WAFU) Drops By 49.2%

Wah Fu Education Group Limited (NASDAQ:WAFU) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 47,400 shares, a decrease of 49.2% from the December 31st total of 93,300 shares. Based on an average daily volume of 194,400 shares, the days-to-cover ratio is currently 0.2 days. Approximately 3.9% of the shares of the company are short sold.

Wah Fu Education Group Price Performance

Shares of NASDAQ:WAFU traded up $0.10 during midday trading on Friday, reaching $1.84. 135,715 shares of the company’s stock were exchanged, compared to its average volume of 41,344. The company’s 50 day simple moving average is $1.68 and its two-hundred day simple moving average is $1.77. Wah Fu Education Group has a 12 month low of $1.46 and a 12 month high of $2.85.

About Wah Fu Education Group

Wah Fu Education Group Limited, through its subsidiaries, provides online exam preparation services and related technology solutions in the People's Republic of China. The company operates through two segments: Online Education Services, and Technological Development and Operation Services. The Online Education Services segment offers online education platforms to institutions, such as universities and training institutions, and online course development service companies.