Short Interest in 2U, Inc. (NASDAQ:TWOU) Decreases By 95.8%

2U, Inc. (NASDAQ:TWOU) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 423,100 shares, a decrease of 95.8% from the May 31st total of 10,000,000 shares. Based on an average daily trading volume, of 68,500 shares, the days-to-cover ratio is currently 6.2 days. Approximately 16.3% of the shares of the company are short sold.

Analyst Ratings Changes

TWOU has been the subject of several research reports. Needham & Company LLC restated a “hold” rating on shares of 2U in a research note on Friday, May 3rd. StockNews.com started coverage on 2U in a research report on Friday, June 21st. They set a “hold” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $123.00.

2U Price Performance

NASDAQ TWOU traded down $0.02 during trading hours on Thursday, hitting $5.13. 67,892 shares of the company’s stock traded hands, compared to its average volume of 81,699. The company has a market capitalization of $14.36 million, a PE ratio of -0.04 and a beta of 0.85. The company has a debt-to-equity ratio of 5.33, a current ratio of 0.91 and a quick ratio of 0.91. 2U has a 52-week low of $5.08 and a 52-week high of $144.30. The firm’s 50-day moving average is $8.23 and its 200-day moving average is $16.46.

2U (NASDAQ:TWOU) last posted its quarterly earnings results on Thursday, May 2nd. The software maker reported ($8.10) EPS for the quarter, topping the consensus estimate of ($11.10) by $3.00. 2U had a negative return on equity of 10.90% and a negative net margin of 35.13%. The business had revenue of $198.38 million for the quarter, compared to analyst estimates of $195.32 million. Equities analysts forecast that 2U will post -9.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Axxcess Wealth Management LLC purchased a new stake in shares of 2U in the 3rd quarter valued at approximately $25,000. Oak Thistle LLC acquired a new position in 2U during the fourth quarter worth $39,000. Keynote Financial Services LLC acquired a new stake in shares of 2U in the first quarter valued at $69,000. SG Americas Securities LLC raised its holdings in shares of 2U by 45.4% in the 4th quarter. SG Americas Securities LLC now owns 82,317 shares of the software maker’s stock valued at $101,000 after buying an additional 25,710 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of 2U by 232.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 361,725 shares of the software maker’s stock valued at $141,000 after buying an additional 252,800 shares during the period. 80.53% of the stock is currently owned by hedge funds and other institutional investors.

2U Company Profile

2U, Inc operates as an online education platform company in the United States and internationally. The company operates through two segments, Degree Program and Alternative Credential. The Degree Program segment provides the technology and services to nonprofit colleges and universities to enable the online delivery of degree programs.