OneSmart International Edun Gr Ltd – (NYSE:ONE) Sees Significant Increase in Short Interest

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OneSmart International Edun Gr Ltd – (NYSE:ONE) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 1,078,100 shares, an increase of 77.3% from the April 30th total of 608,100 shares. Based on an average daily trading volume, of 187,100 shares, the short-interest ratio is currently 5.8 days. Approximately 1.3% of the shares of the company are sold short.

An institutional investor recently raised its position in OneSmart International Edun Gr stock. Morgan Stanley grew its stake in shares of OneSmart International Edun Gr Ltd – (NYSE:ONE) by 6.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 239,958 shares of the business services provider’s stock after purchasing an additional 14,743 shares during the period. Morgan Stanley owned approximately 0.15% of OneSmart International Edun Gr worth $2,141,000 at the end of the most recent reporting period. 31.21% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently weighed in on ONE. Deutsche Bank upgraded shares of OneSmart International Edun Gr from a “hold” rating to a “buy” rating in a research report on Tuesday, February 19th. Zacks Investment Research lowered shares of OneSmart International Edun Gr from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th.

NYSE:ONE traded down $0.07 during midday trading on Monday, reaching $8.03. The stock had a trading volume of 1,369 shares, compared to its average volume of 205,002. The business’s fifty day simple moving average is $8.01. OneSmart International Edun Gr has a 12-month low of $6.71 and a 12-month high of $13.80. The stock has a market cap of $1.32 billion, a PE ratio of -7.92 and a beta of 0.43.

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OneSmart International Edun Gr Company Profile

OneSmart International Education Group Limited provides tutoring services for kindergarten and primary, middle, and high schools (K12) in the People's Republic of China. The company offers young children services, including Chinese language and computer programming under the HappyMath brand; and English tutoring services focusing on early childhood under the brand FasTrack English brand.

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