LAIX Inc. (NYSE:LAIX) Short Interest Update

LAIX Inc. (NYSE:LAIX) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 448,600 shares, a decrease of 58.5% from the September 15th total of 1,080,000 shares. Based on an average daily volume of 686,900 shares, the short-interest ratio is currently 0.7 days. Approximately 1.6% of the shares of the stock are sold short.

LAIX stock traded up $0.00 during mid-day trading on Thursday, hitting $0.89. The stock had a trading volume of 400 shares, compared to its average volume of 177,752. The stock has a 50-day simple moving average of $0.95 and a two-hundred day simple moving average of $1.46. The stock has a market capitalization of $44.15 million, a PE ratio of -3.69 and a beta of 0.90. LAIX has a 12 month low of $0.81 and a 12 month high of $11.65.

LAIX (NYSE:LAIX) last released its earnings results on Wednesday, August 25th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of ($2.19) by $2.57. The company had revenue of $27.80 million during the quarter.

Several large investors have recently bought and sold shares of LAIX. Susquehanna Fundamental Investments LLC bought a new position in LAIX in the second quarter valued at approximately $39,000. Millennium Management LLC bought a new position in LAIX in the second quarter valued at approximately $51,000. Barclays PLC bought a new position in LAIX in the first quarter valued at approximately $67,000. Citadel Advisors LLC grew its stake in LAIX by 220.9% in the first quarter. Citadel Advisors LLC now owns 47,621 shares of the company’s stock valued at $120,000 after purchasing an additional 32,783 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in LAIX in the second quarter valued at approximately $134,000. Institutional investors and hedge funds own 13.59% of the company’s stock.

About LAIX

LAIX, Inc operates as a holding company, which engages in the provision of artificial intelligence business. It creates and delivers products and services to popularize english learning. The firm also utilizes cutting-edge deep learning and adaptive learning technologies, big data, well-established education pedagogies, and the mobile Internet.

Recommended Story: Federal Reserve

Receive News & Ratings for LAIX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LAIX and related companies with MarketBeat.com's FREE daily email newsletter.