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

QuantaSing Group Limited (NASDAQ:QSG - Get Free Report) was the recipient of a significant growth in short interest during the month of 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 shares are short sold. Based on an average daily volume of 784,400 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On QuantaSing Group

A number of large investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in shares of QuantaSing Group during the 3rd quarter worth approximately $31,000. 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 purchasing an additional 23,272 shares in the last quarter. Finally, Geode Capital Management LLC purchased a new position in QuantaSing Group during the fourth quarter valued at $27,000.

QuantaSing Group Price Performance

QSG traded up $0.15 during trading on Friday, hitting $5.04. 183,001 shares of the stock traded hands, compared to its average volume of 367,617. The firm has a 50-day moving average of $3.48 and a 200 day moving average of $2.92. QuantaSing Group has a 12-month low of $1.47 and a 12-month high of $7.96. The firm has a market capitalization of $258.11 million, a P/E ratio of 5.09 and a beta of -1.20.

QuantaSing Group (NASDAQ:QSG - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.13. QuantaSing Group had a return on equity of 88.29% and a net margin of 10.67%. The business had revenue of $99.55 million during the quarter, compared to analysts' expectations of $97.90 million. As a group, equities analysts predict that QuantaSing Group will post 0.71 EPS for the current fiscal year.

QuantaSing Group Company Profile

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.

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