QuantaSing Group Limited (NASDAQ:QSG) Short Interest Update

QuantaSing Group Limited (NASDAQ:QSG) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 22,600 shares, a decrease of 34.5% from the February 13th total of 34,500 shares. Based on an average daily volume of 102,100 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

QuantaSing Group Trading Up 0.4 %

Shares of QuantaSing Group stock traded up $0.01 on Friday, reaching $2.76. 66,557 shares of the company were exchanged, compared to its average volume of 195,337. QuantaSing Group has a one year low of $1.47 and a one year high of $6.22. The company has a market capitalization of $141.35 million, a price-to-earnings ratio of 2.79 and a beta of 0.36. The company has a 50-day moving average of $2.35 and a 200 day moving average of $2.52.

QuantaSing Group (NASDAQ:QSG) last posted its earnings results on Tuesday, March 11th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. The business had revenue of $99.55 million for the quarter, compared to analyst estimates of $97.90 million. QuantaSing Group had a return on equity of 88.29% and a net margin of 10.67%. Analysts predict that QuantaSing Group will post 0.71 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in QSG. Virtu Financial LLC acquired a new position in QuantaSing Group in the 3rd quarter valued at $31,000. Millennium Management LLC grew its holdings in QuantaSing Group by 173.5% in the 4th quarter. Millennium Management LLC now owns 36,685 shares of the company’s stock valued at $79,000 after buying an additional 23,272 shares in the last quarter. Geode Capital Management LLC bought a new stake in shares of QuantaSing Group during the 4th quarter valued at $27,000. Finally, Meridian Wealth Management LLC bought a new stake in shares of QuantaSing Group during the 3rd quarter valued at $35,000.

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.