Wah Fu Education Group Limited (NASDAQ:WAFU) Sees Large Decline in Short Interest

Wah Fu Education Group Limited (NASDAQ:WAFU) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 9,524 shares, a decrease of 41.1% from the May 14th total of 16,159 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 5,646 shares, the days-to-cover ratio is currently 1.7 days.

Hedge Funds Weigh In On Wah Fu Education Group

A hedge fund recently bought a new stake in Wah Fu Education Group stock. Financial Plan Inc. acquired a new stake in Wah Fu Education Group Limited (NASDAQ:WAFU) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 19,000 shares of the company’s stock, valued at approximately $29,000. Financial Plan Inc. owned about 0.43% of Wah Fu Education Group as of its most recent SEC filing.

Wah Fu Education Group Price Performance

WAFU stock opened at $1.67 on Tuesday. The firm has a 50-day simple moving average of $1.65 and a two-hundred day simple moving average of $1.66. Wah Fu Education Group has a one year low of $1.30 and a one year high of $3.39.

Wah Fu Education Group (NASDAQ:WAFU) last released its quarterly earnings results on Monday, March 30th. The company reported ($0.02) EPS for the quarter. The business had revenue of $1.53 million for the quarter.

About Wah Fu Education Group

Wah Fu Education Group (NASDAQ: WAFU) is a postsecondary vocational education provider in the People’s Republic of China, offering a range of career-oriented diploma and certificate programs. Through its network of licensed vocational schools, the company focuses on equipping students with practical skills in areas such as nursing, early childhood education, digital media, business administration and information technology. Wah Fu’s curriculum blends classroom instruction with hands-on training, aiming to meet the needs of local employers in sectors experiencing growth and skills shortages.

Founded in the early 2000s, Wah Fu has steadily expanded its footprint across Fujian Province, operating multiple campuses in cities including Xiamen, Fuzhou and Quanzhou.