China Online Education Group (NYSE:COE) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 34,200 shares, an increase of 45.5% from the March 15th total of 23,500 shares. Based on an average daily trading volume, of 32,000 shares, the short-interest ratio is presently 1.1 days. Approximately 0.9% of the shares of the stock are short sold.
Shares of NYSE COE traded down $0.04 during trading hours on Friday, reaching $21.25. 11,140 shares of the stock traded hands, compared to its average volume of 30,868. The company’s 50-day simple moving average is $22.15 and its two-hundred day simple moving average is $24.47. China Online Education Group has a 52-week low of $18.00 and a 52-week high of $31.00. The company has a market capitalization of $448.52 million, a P/E ratio of 29.11 and a beta of -0.85.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley grew its position in China Online Education Group by 64.1% during the 3rd quarter. Morgan Stanley now owns 2,800 shares of the company’s stock worth $53,000 after acquiring an additional 1,094 shares during the last quarter. Library Research Ltd bought a new position in China Online Education Group during the 4th quarter worth approximately $1,252,000. BlackRock Inc. bought a new position in China Online Education Group during the 4th quarter worth approximately $1,233,000. JPMorgan Chase & Co. grew its position in China Online Education Group by 231.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,206 shares of the company’s stock worth $33,000 after acquiring an additional 842 shares during the last quarter. Finally, Northern Trust Corp bought a new position in China Online Education Group during the 4th quarter worth approximately $248,000.
China Online Education Group, through its subsidiaries, provides online English language education services to students in the People's Republic of China and the Philippines. The company operates online and mobile education platforms that enable students to take live interactive English lessons with international foreign teachers.
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