Short Interest in Classover Holdings, Inc. (NASDAQ:KIDZ) Grows By 622.3%

Classover Holdings, Inc. (NASDAQ:KIDZ) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 404,511 shares, an increase of 622.3% from the July 15th total of 56,006 shares. Based on an average daily trading volume, of 51,991,336 shares, the days-to-cover ratio is currently 0.0 days. Currently, 52.3% of the company’s shares are short sold.

Institutional Investors Weigh In On Classover

A hedge fund recently bought a new stake in Classover stock. Sandia Investment Management LP acquired a new stake in shares of Classover Holdings, Inc. (NASDAQ:KIDZ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 90,000 shares of the company’s stock, valued at approximately $265,000. Sandia Investment Management LP owned approximately 0.38% of Classover as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 74.70% of the company’s stock.

Classover Stock Down 2.1%

Shares of NASDAQ KIDZ traded down $0.01 during mid-day trading on Wednesday, reaching $0.28. The company had a trading volume of 781,006 shares, compared to its average volume of 6,419,847. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.94 and a current ratio of 0.94. Classover has a twelve month low of $0.27 and a twelve month high of $1,460.00. The stock’s 50 day moving average is $1.00 and its 200-day moving average is $22.86. The stock has a market capitalization of $219,938.00, a PE ratio of -0.00 and a beta of -0.66.

Classover’s stock is set to reverse split on Thursday, August 13th. The 1-15 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, August 12th.

Classover (NASDAQ:KIDZ) last issued its earnings results on Friday, May 15th. The company reported ($3,656,370.00) EPS for the quarter. Classover had a negative net margin of 356.34% and a negative return on equity of 281.13%. The firm had revenue of $0.52 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Classover from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Classover presently has a consensus rating of “Sell”.

Classover Company Profile

Classover is an online enrichment program in Manhattan, New York that offers over 20 courses taught by certified instructors. It caters to children aged 4 to 17, providing personalized attention and a supportive learning environment. Classover is recognized worldwide by over 20,000 parents and children in more than 34 countries. Classover’s proprietary course platform app provides exclusive benefits to students, including access to class schedules, remaining class credits, and class history. As an official test center for the Math Kangaroo Competition and other high-value competition channels, Classover is certified to provide high-quality teaching services to help students improve their academic performance.