RISE Education Cayman Ltd (NASDAQ:REDU) Short Interest Down 16.1% in November

RISE Education Cayman Ltd (NASDAQ:REDU) was the target of a significant decrease in short interest during the month of November. As of November 29th, there was short interest totalling 86,200 shares, a decrease of 16.1% from the November 14th total of 102,700 shares. Based on an average daily volume of 30,700 shares, the days-to-cover ratio is presently 2.8 days. Currently, 0.2% of the shares of the stock are short sold.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of RISE Education Cayman from a “sell” rating to a “hold” rating in a research note on Tuesday, October 22nd. Morgan Stanley cut shares of RISE Education Cayman from an “equal weight” rating to an “underweight” rating in a research note on Monday, August 19th. ValuEngine cut shares of RISE Education Cayman from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Credit Suisse Group cut shares of RISE Education Cayman from an “outperform” rating to a “neutral” rating in a research note on Monday, October 21st.

Shares of NASDAQ REDU traded down $0.09 during midday trading on Friday, reaching $6.79. 9,876 shares of the stock were exchanged, compared to its average volume of 61,284. The business has a 50-day simple moving average of $7.24 and a two-hundred day simple moving average of $8.26. The company has a market capitalization of $380.39 million, a price-to-earnings ratio of 16.98 and a beta of 0.78. RISE Education Cayman has a 12 month low of $6.50 and a 12 month high of $11.00. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.86 and a quick ratio of 0.85.

RISE Education Cayman (NASDAQ:REDU) last announced its quarterly earnings results on Thursday, November 14th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $57.52 million for the quarter. RISE Education Cayman had a net margin of 8.76% and a return on equity of 30.47%. Equities research analysts expect that RISE Education Cayman will post 0.35 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp boosted its position in shares of RISE Education Cayman by 13.5% during the third quarter. State Street Corp now owns 57,900 shares of the company’s stock worth $485,000 after purchasing an additional 6,900 shares in the last quarter. Citadel Advisors LLC raised its holdings in shares of RISE Education Cayman by 112.0% during the second quarter. Citadel Advisors LLC now owns 22,655 shares of the company’s stock worth $216,000 after acquiring an additional 11,968 shares during the period. D. E. Shaw & Co. Inc. acquired a new stake in shares of RISE Education Cayman during the second quarter worth $139,000. Marshall Wace LLP acquired a new stake in shares of RISE Education Cayman during the second quarter worth $133,000. Finally, Morgan Stanley raised its holdings in shares of RISE Education Cayman by 5.7% during the second quarter. Morgan Stanley now owns 2,664,393 shares of the company’s stock worth $25,392,000 after acquiring an additional 142,669 shares during the period. 13.03% of the stock is currently owned by institutional investors.

RISE Education Cayman Company Profile

RISE Education Cayman Ltd, through its subsidiaries, provides junior English language training services under the RISE brand name in the People's Republic of China. The company offers a range of educational programs, services, and products, including educational courses, sale of course materials, franchise services, and study tours.

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