TAL Education Group (NYSE:TAL) Short Interest Update

TAL Education Group (NYSE:TAL) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 29,400,000 shares, a decrease of 24.2% from the March 15th total of 38,800,000 shares. Approximately 6.6% of the shares of the company are sold short. Based on an average daily volume of 7,860,000 shares, the short-interest ratio is currently 3.7 days.

TAL Education Group Stock Performance

TAL stock traded up $0.22 during midday trading on Monday, reaching $10.02. The company’s stock had a trading volume of 2,313,866 shares, compared to its average volume of 7,146,862. The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of 52.74 and a beta of 0.03. TAL Education Group has a 1 year low of $7.35 and a 1 year high of $15.30. The stock has a fifty day simple moving average of $12.69 and a two-hundred day simple moving average of $11.34.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. UBS Group raised their price objective on shares of TAL Education Group from $16.40 to $17.20 and gave the company a “buy” rating in a research report on Friday, January 24th. StockNews.com raised TAL Education Group from a “sell” rating to a “hold” rating in a research note on Friday, January 24th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of TAL Education Group during the fourth quarter valued at about $72,628,000. FMR LLC increased its position in shares of TAL Education Group by 60.4% during the fourth quarter. FMR LLC now owns 11,588,534 shares of the company’s stock worth $116,117,000 after purchasing an additional 4,363,887 shares in the last quarter. Krane Funds Advisors LLC lifted its holdings in shares of TAL Education Group by 11.5% during the 4th quarter. Krane Funds Advisors LLC now owns 20,338,186 shares of the company’s stock valued at $203,789,000 after purchasing an additional 2,100,242 shares during the last quarter. Pinpoint Asset Management Ltd boosted its position in shares of TAL Education Group by 2,020.8% in the 4th quarter. Pinpoint Asset Management Ltd now owns 2,106,573 shares of the company’s stock worth $21,108,000 after purchasing an additional 2,007,244 shares in the last quarter. Finally, Bank of America Corp DE increased its position in TAL Education Group by 29.0% during the 4th quarter. Bank of America Corp DE now owns 8,065,326 shares of the company’s stock valued at $80,815,000 after buying an additional 1,812,204 shares in the last quarter. Hedge funds and other institutional investors own 37.79% of the company’s stock.

About TAL Education Group

TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.