Tarena International Inc (NASDAQ:TEDU) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 331,600 shares, a decrease of 35.8% from the July 31st total of 516,500 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 412,300 shares, the short-interest ratio is presently 0.8 days.
Shares of NASDAQ:TEDU traded down $0.06 during trading hours on Wednesday, hitting $1.25. 140,779 shares of the company’s stock traded hands, compared to its average volume of 105,033. Tarena International has a 52 week low of $0.91 and a 52 week high of $9.30. The company’s fifty day simple moving average is $1.30 and its two-hundred day simple moving average is $3.49. The company has a market cap of $72.97 million, a price-to-earnings ratio of -0.80 and a beta of 0.61.
TEDU has been the subject of a number of research reports. Zacks Investment Research raised Tarena International from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. ValuEngine raised Tarena International from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. Tarena International has an average rating of “Hold” and an average target price of $6.90.
Tarena International Company Profile
Tarena International, Inc, through its subsidiaries, provides professional education services through full-time and part-time classes in the People's Republic of China. It offers education courses in 13 information technology (IT) subjects, such as Java, .NET, C++, software testing, embedded, PHP, Android, iOS, Linux and network engineering, Big Data, Web front-end development, VR/AR, and Python; and 3 non-IT subjects, including digital art, online sales and marketing, and accounting through live distance instruction, classroom-based tutoring, and online learning modules.
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