Sunlands Technology Group (NYSE:STG) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 63,800 shares, a decline of 72.0% from the August 15th total of 228,000 shares. Based on an average trading volume of 50,300 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.8% of the company’s stock are sold short.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its holdings in shares of Sunlands Technology Group by 26.2% during the first quarter. Renaissance Technologies LLC now owns 101,570 shares of the company’s stock worth $112,000 after acquiring an additional 21,100 shares during the period. HRT Financial LP boosted its holdings in shares of Sunlands Technology Group by 178.4% during the first quarter. HRT Financial LP now owns 40,234 shares of the company’s stock worth $44,000 after acquiring an additional 25,780 shares during the period. Finally, Citadel Advisors LLC bought a new stake in shares of Sunlands Technology Group during the first quarter worth approximately $58,000. 1.65% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE STG opened at $5.91 on Wednesday. The business’s 50 day moving average price is $7.99 and its two-hundred day moving average price is $11.40. The company has a market cap of $79.54 million, a PE ratio of -1.89 and a beta of 1.73. Sunlands Technology Group has a twelve month low of $5.55 and a twelve month high of $36.88.
Sunlands Technology Group Company Profile
Sunlands Technology Group provides on line post-secondary and professional education. The firm offers various degree-and diploma-oriented post-secondary courses through online platforms. It also provides online professional courses and educational content to help students prepare for professional certification exams and attain professional skills.
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