Short Interest in Bright Scholar Education Holdings Limited (NYSE:BEDU) Declines By 31.8%

Bright Scholar Education Holdings Limited (NYSE:BEDU) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 1,500 shares, a drop of 31.8% from the May 31st total of 2,200 shares. Based on an average trading volume of 6,900 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Bright Scholar Education Trading Down 2.8 %

NYSE:BEDU traded down $0.06 during midday trading on Friday, reaching $2.10. The company had a trading volume of 12,422 shares, compared to its average volume of 3,886. The stock’s fifty day simple moving average is $2.04 and its 200-day simple moving average is $1.84. Bright Scholar Education has a 12-month low of $0.81 and a 12-month high of $3.23.

Bright Scholar Education (NYSE:BEDU) last announced its quarterly earnings results on Friday, April 19th. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $72.45 million during the quarter. Bright Scholar Education had a negative return on equity of 5.22% and a negative net margin of 14.33%.

About Bright Scholar Education

Bright Scholar Education Holdings Limited, an education service provider, operates and provides K-12 schools and complementary education services in China, Hong Kong, Canada, the United States, and the United Kingdom. The company operates in three segments: Overseas Schools; Complementary Education Services; and Domestic Kindergartens and K-12 Operation Services.