New Oriental Education & Technology Group, Inc. (NYSE:EDU) Short Interest Update

New Oriental Education & Technology Group, Inc. (NYSE:EDU) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 3,628,253 shares, a decline of 13.7% from the January 15th total of 4,202,725 shares. Based on an average trading volume of 1,367,556 shares, the short-interest ratio is currently 2.7 days. Approximately 2.7% of the shares of the stock are short sold. Approximately 2.7% of the shares of the stock are short sold. Based on an average trading volume of 1,367,556 shares, the short-interest ratio is currently 2.7 days.

New Oriental Education & Technology Group Price Performance

Shares of New Oriental Education & Technology Group stock opened at $59.41 on Thursday. The firm has a 50 day simple moving average of $57.50 and a 200 day simple moving average of $54.11. New Oriental Education & Technology Group has a fifty-two week low of $40.66 and a fifty-two week high of $64.97. The firm has a market cap of $9.39 billion, a P/E ratio of 25.17, a P/E/G ratio of 1.01 and a beta of 0.27.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.16 billion. New Oriental Education & Technology Group had a return on equity of 11.19% and a net margin of 7.40%.The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company earned $0.22 EPS. On average, sell-side analysts expect that New Oriental Education & Technology Group will post 2.75 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. HSBC raised New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 28th. Wall Street Zen upgraded New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Zacks Research upgraded New Oriental Education & Technology Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. China Renaissance upgraded shares of New Oriental Education & Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 29th. Finally, New Street Research set a $68.00 price target on shares of New Oriental Education & Technology Group in a research report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $65.84.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vident Advisory LLC raised its stake in shares of New Oriental Education & Technology Group by 8.2% during the fourth quarter. Vident Advisory LLC now owns 5,939 shares of the company’s stock worth $327,000 after buying an additional 449 shares during the last quarter. XTX Topco Ltd grew its holdings in New Oriental Education & Technology Group by 156.3% during the 4th quarter. XTX Topco Ltd now owns 13,664 shares of the company’s stock worth $752,000 after acquiring an additional 8,332 shares during the period. Quadrature Capital Ltd bought a new stake in shares of New Oriental Education & Technology Group during the 4th quarter valued at $1,313,000. OLD Mission Capital LLC acquired a new position in shares of New Oriental Education & Technology Group in the 4th quarter valued at $382,000. Finally, Balyasny Asset Management L.P. acquired a new position in shares of New Oriental Education & Technology Group in the 4th quarter valued at $9,009,000.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group (NYSE: EDU) is one of China’s leading providers of private educational services, specializing in language training, test preparation and consulting for overseas study. The company’s offerings span a range of subjects, including English language instruction, preparatory courses for examinations such as the TOEFL, GRE and GMAT, and K-12 after-school tutoring. New Oriental’s curriculum is delivered through a combination of in-person learning centers and digital platforms, enabling students across various regions to access its educational resources.

Founded in 1993 by Michael Yu Minhong in Beijing, New Oriental began as a small language school and quickly expanded its footprint.