QuantaSing Group Limited (NASDAQ:QSG) Sees Large Decline in Short Interest

QuantaSing Group Limited (NASDAQ:QSG) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 441,800 shares, a decrease of 22.8% from the June 15th total of 572,300 shares. Based on an average trading volume of 233,700 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.2% of the shares of the stock are sold short.

Institutional Trading of QuantaSing Group

An institutional investor recently bought a new position in QuantaSing Group stock. Boston Partners acquired a new stake in shares of QuantaSing Group Limited (NASDAQ:QSG) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 98,007 shares of the company’s stock, valued at approximately $401,000. Boston Partners owned approximately 0.17% of QuantaSing Group as of its most recent SEC filing.

QuantaSing Group Stock Down 2.8 %

QSG traded down $0.05 during trading on Monday, reaching $1.74. The company had a trading volume of 90,206 shares, compared to its average volume of 253,057. QuantaSing Group has a 52 week low of $1.41 and a 52 week high of $8.75. The stock has a market cap of $98.29 million, a P/E ratio of 3.14 and a beta of 0.83. The business has a 50 day simple moving average of $2.17 and a 200-day simple moving average of $2.85.

QuantaSing Group (NASDAQ:QSG) last posted its quarterly earnings data on Thursday, June 6th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.13). The firm had revenue of $130.96 million during the quarter, compared to analysts’ expectations of $123.68 million. QuantaSing Group had a return on equity of 79.30% and a net margin of 6.69%. As a group, equities research analysts expect that QuantaSing Group will post 0.53 EPS for the current fiscal year.

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.