QuantaSing Group Limited (NASDAQ:QSG) Short Interest Update

QuantaSing Group Limited (NASDAQ:QSG) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 22,600 shares, a decrease of 34.5% from the February 13th total of 34,500 shares. Based on an average daily trading volume, of 102,100 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

QuantaSing Group Stock Up 0.4 %

Shares of QSG stock traded up $0.01 during trading on Friday, hitting $2.76. The company had a trading volume of 66,557 shares, compared to its average volume of 194,339. The stock’s 50-day moving average is $2.35 and its two-hundred day moving average is $2.52. The stock has a market capitalization of $141.35 million, a price-to-earnings ratio of 2.79 and a beta of 0.36. QuantaSing Group has a 52 week low of $1.47 and a 52 week high of $6.22.

QuantaSing Group (NASDAQ:QSG) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.33 EPS for the quarter, beating 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. On average, research analysts predict that QuantaSing Group will post 0.71 EPS for the current fiscal year.

Institutional Trading of QuantaSing Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QSG. Millennium Management LLC lifted its stake 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 acquiring an additional 23,272 shares during the period. Meridian Wealth Management LLC purchased a new position in QuantaSing Group during the third quarter valued at $35,000. Virtu Financial LLC purchased a new position in QuantaSing Group during the third quarter valued at $31,000. Finally, Geode Capital Management LLC purchased a new position in QuantaSing Group during the fourth quarter valued at $27,000.

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.