QuantaSing Group Limited (NASDAQ:QSG) Short Interest Update

QuantaSing Group Limited (NASDAQ:QSG) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 22,600 shares, a drop of 34.5% from the February 13th total of 34,500 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 102,100 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On QuantaSing Group

Several large investors have recently bought and sold shares of QSG. Millennium Management LLC increased its stake in shares of QuantaSing Group by 173.5% in the fourth quarter. Millennium Management LLC now owns 36,685 shares of the company’s stock valued at $79,000 after buying an additional 23,272 shares during the period. Geode Capital Management LLC acquired a new stake in shares of QuantaSing Group in the fourth quarter valued at about $27,000. Virtu Financial LLC acquired a new stake in shares of QuantaSing Group in the third quarter valued at about $31,000. Finally, Meridian Wealth Management LLC acquired a new stake in shares of QuantaSing Group in the third quarter valued at about $35,000.

QuantaSing Group Stock Up 0.4 %

QuantaSing Group stock traded up $0.01 during trading hours on Friday, hitting $2.76. The stock had a trading volume of 66,557 shares, compared to its average volume of 195,337. The stock has a market cap of $141.35 million, a price-to-earnings ratio of 2.79 and a beta of 0.36. QuantaSing Group has a one year low of $1.47 and a one year high of $6.22. The business’s 50 day simple moving average is $2.35 and its 200-day simple moving average is $2.52.

QuantaSing Group (NASDAQ:QSG) last posted its earnings results on Tuesday, March 11th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.20 by $0.13. The firm had revenue of $99.55 million during the quarter, compared to the consensus estimate of $97.90 million. QuantaSing Group had a return on equity of 88.29% and a net margin of 10.67%. Research analysts anticipate that QuantaSing Group will post 0.71 EPS for the current fiscal year.

About QuantaSing Group

QuantaSing Group Limited provides online learning services in the People's Republic of China. The company offers online courses, including financial literacy, short-video production, personal well-being, electronic keyboard, and meditation courses. It also offers marketing and enterprise talent management services to enterprise customers.