QuantaSing Group Limited (NASDAQ:QSG) Short Interest Update

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

Hedge Funds Weigh In On QuantaSing Group

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC purchased a new position in QuantaSing Group in the 4th quarter worth $27,000. Virtu Financial LLC purchased a new position in shares of QuantaSing Group in the third quarter valued at about $31,000. Meridian Wealth Management LLC purchased a new position in shares of QuantaSing Group in the third quarter valued at about $35,000. Finally, Millennium Management LLC increased its position in shares of QuantaSing Group by 173.5% in the fourth quarter. Millennium Management LLC now owns 36,685 shares of the company's stock valued at $79,000 after acquiring an additional 23,272 shares during the period.

QuantaSing Group Stock Performance

NASDAQ:QSG traded down $0.03 during trading hours on Wednesday, reaching $2.67. The company's stock had a trading volume of 78,094 shares, compared to its average volume of 191,846. The firm has a market capitalization of $136.74 million, a price-to-earnings ratio of 2.70 and a beta of 0.36. The firm has a 50-day simple moving average of $2.39 and a 200-day simple moving average of $2.54. QuantaSing Group has a 1 year low of $1.47 and a 1 year high of $6.22.

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QuantaSing Group (NASDAQ:QSG - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.13. The company had revenue of $99.55 million for the quarter, compared to analysts' expectations of $97.90 million. QuantaSing Group had a net margin of 10.67% and a return on equity of 88.29%. Equities analysts anticipate that QuantaSing Group will post 0.71 earnings per share for the current fiscal 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.