QuantaSing Group Limited (NASDAQ:QSG – Get Free Report) 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 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.
Further Reading
- Five stocks we like better than QuantaSing Group
- What is a support level?
- Can TikTok Stock Picks Really Make You Rich?
- How to buy stock: A step-by-step guide for beginners
- The “Quality” Rotation: Back to Basics Investing
- Investing in Commodities: What Are They? How to Invest in Them
- Occidental Petroleum: 4 Reasons to Love These Prices
Receive News & Ratings for QuantaSing Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuantaSing Group and related companies with MarketBeat.com's FREE daily email newsletter.