QuantaSing Group Limited (NASDAQ:QSG) Short Interest Up 55.2% in November

Posted by Anthony Miller on Dec 13th, 2024

QuantaSing Group Limited (NASDAQ:QSG – Get Free Report) was the target of a significant growth in short interest in November. As of November 30th, there was short interest totalling 205,300 shares, a growth of 55.2% from the November 15th total of 132,300 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 335,000 shares, the short-interest ratio is currently 0.6 days.

QuantaSing Group Stock Performance

Shares of QSG traded down $0.26 on Friday, hitting $2.51. 116,295 shares of the stock traded hands, compared to its average volume of 238,123. The company has a market capitalization of $128.54 million, a PE ratio of 2.54 and a beta of 0.04. The business has a 50 day simple moving average of $3.11 and a 200 day simple moving average of $2.29. QuantaSing Group has a one year low of $1.40 and a one year high of $6.22.

QuantaSing Group Dividend Announcement

The company also recently declared a — dividend, which was paid on Friday, November 15th. Investors of record on Wednesday, October 30th were given a dividend of $0.201 per share. The ex-dividend date was Wednesday, October 30th.

Institutional Investors Weigh In On QuantaSing Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in shares of QuantaSing Group during the third quarter valued at approximately $31,000. Meridian Wealth Management LLC bought a new stake in QuantaSing Group in the 3rd quarter worth approximately $35,000. Acadian Asset Management LLC bought a new stake in QuantaSing Group in the 2nd quarter worth approximately $36,000. Finally, Renaissance Technologies LLC bought a new stake in QuantaSing Group in the 2nd quarter worth approximately $49,000.

QuantaSing Group Company Profile

(Get Free Report)

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.