QuantaSing Group Limited (NASDAQ:QSG) Short Interest Update

QuantaSing Group Limited (NASDAQ:QSG) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 37,000 shares, a drop of 81.0% from the January 15th total of 195,000 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 107,900 shares, the short-interest ratio is currently 0.3 days.

QuantaSing Group Stock Performance

Shares of NASDAQ QSG traded up $0.02 during trading on Wednesday, reaching $2.58. The stock had a trading volume of 69,922 shares, compared to its average volume of 109,926. The company has a market cap of $132.12 million, a P/E ratio of 2.61 and a beta of 0.36. QuantaSing Group has a fifty-two week low of $1.47 and a fifty-two week high of $6.22. The business’s 50-day moving average price is $2.27 and its 200-day moving average price is $2.40.

QuantaSing Group (NASDAQ:QSG) last released its earnings results on Wednesday, November 27th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.06). QuantaSing Group had a net margin of 10.67% and a return on equity of 88.29%. Analysts forecast that QuantaSing Group will post 0.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC acquired a new stake in QuantaSing Group in the 2nd quarter valued at about $49,000. Meridian Wealth Management LLC acquired a new position in shares of QuantaSing Group during the third quarter worth about $35,000. Virtu Financial LLC purchased a new stake in shares of QuantaSing Group during the third quarter worth approximately $31,000. Finally, Geode Capital Management LLC acquired a new stake in QuantaSing Group in the fourth quarter valued at approximately $27,000.

QuantaSing Group Company Profile

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.