Short Interest in QuantaSing Group Limited (NASDAQ:QSG) Decreases By 34.5%

QuantaSing Group Limited (NASDAQ:QSG) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 22,600 shares, a decline of 34.5% from the February 13th total of 34,500 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 102,100 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QSG. Geode Capital Management LLC acquired a new stake in shares of QuantaSing Group during the 4th quarter worth approximately $27,000. Virtu Financial LLC acquired a new stake in QuantaSing Group during the third quarter valued at $31,000. Meridian Wealth Management LLC purchased a new position in QuantaSing Group in the third quarter valued at $35,000. Finally, Millennium Management LLC increased its holdings in 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 in the last quarter.

QuantaSing Group Trading Up 2.5 %

Shares of NASDAQ:QSG traded up $0.07 during trading on Monday, reaching $2.83. The stock had a trading volume of 112,512 shares, compared to its average volume of 194,056. The firm’s 50-day simple moving average is $2.35 and its 200 day simple moving average is $2.53. QuantaSing Group has a one year low of $1.47 and a one year high of $6.22. The company has a market capitalization of $144.93 million, a P/E ratio of 2.84 and a beta of 0.36.

QuantaSing Group (NASDAQ:QSG) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13. QuantaSing Group had a return on equity of 88.29% and a net margin of 10.67%. The business had revenue of $99.55 million for the quarter, compared to analyst estimates of $97.90 million. Equities research analysts forecast that QuantaSing Group will post 0.71 earnings per share for the current fiscal year.

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.