Quantasing Group Ltd (NASDAQ:HERE) Shares Shorted: Short Interest Down 66.5% in October

Quantasing Group Ltd (NASDAQ:HERE) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 202,294 shares, a drop of 66.5% from the October 15th total of 603,373 shares. Based on an average daily volume of 14,860 shares, the short-interest ratio is presently 13.6 days. Currently, 0.4% of the shares of the company are sold short.

Quantasing Group Trading Up 1.1%

HERE traded up $0.02 on Friday, reaching $1.63. The stock had a trading volume of 1,849 shares, compared to its average volume of 96,435. The business’s 50-day moving average price is $1.66 and its two-hundred day moving average price is $2.51. The company has a market cap of $88.99 million, a P/E ratio of 14.80 and a beta of -0.42. Quantasing Group has a 12-month low of $1.35 and a 12-month high of $5.80.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Quantasing Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Quantasing Group in a research report on Friday, September 4th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Quantasing Group has an average rating of “Reduce” and an average target price of $2.50.

Quantasing Group Company Profile

QuantaSing Group, formerly known as QuantaSing Group Limited, provides online learning services, primarily to adult learners in China. Its courses focus on personal interests and skills development, including subjects such as music, calligraphy and content creation. The company delivers courses through digital platforms and brands serving learners with different interests and learning needs. Its services are designed to make instruction accessible through online classes and related learning content.