Quantasing Group Ltd (NASDAQ:HERE) Stock Short Interest Climbs 126.4%

Quantasing Group Ltd (NASDAQ:HERE) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 530,230 shares, an increase of 126.4% from the September 15th total of 234,184 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 28,530 shares, the short-interest ratio is currently 18.6 days.

Analysts Set New Price Targets

HERE has been the subject of several research reports. Wall Street Zen raised shares of Quantasing Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Quantasing Group in a report on Friday, September 4th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $2.50.

Quantasing Group Stock Performance

Quantasing Group stock traded down $0.01 during trading on Wednesday, reaching $1.62. 10,385 shares of the company were exchanged, compared to its average volume of 20,181. The stock’s 50 day simple moving average is $1.80 and its two-hundred day simple moving average is $2.28. Quantasing Group has a 52-week low of $1.50 and a 52-week high of $7.95.

Institutional Trading of Quantasing Group

A hedge fund recently bought a new position in Quantasing Group stock. SG Americas Securities LLC purchased a new stake in Quantasing Group Ltd (NASDAQ:HERE) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 87,121 shares of the company’s stock, valued at approximately $308,000. SG Americas Securities LLC owned 0.16% of Quantasing Group at the end of the most recent reporting period.

About Quantasing Group

We believe that personal learning and development is a lifelong journey. Everyone, regardless of background, should be given an equal opportunity to pursue their interests, passions, and goals. Our mission is to improve people’s quality of life and well-being by providing them lifelong personal learning and development opportunities. QuantaSing Group is the largest online learning service provider in China’s adult learning market for personal interest courses and among the top five service providers in China’s total adult learning market, in terms of revenue in 2021, according to the F&S report.