Wah Fu Education Group Limited (NASDAQ:WAFU) Sees Significant Decline in Short Interest

Wah Fu Education Group Limited (NASDAQ:WAFU) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 56,898 shares, a drop of 68.7% from the August 15th total of 181,762 shares. Based on an average trading volume of 60,537 shares, the days-to-cover ratio is currently 0.9 days. Currently, 7.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Wah Fu Education Group stock. Financial Plan Inc. purchased a new position in shares of Wah Fu Education Group Limited (NASDAQ:WAFU) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 19,000 shares of the company’s stock, valued at approximately $29,000. Financial Plan Inc. owned approximately 0.43% of Wah Fu Education Group at the end of the most recent reporting period.

Wah Fu Education Group Trading Up 0.2%

WAFU stock traded up $0.00 on Monday, reaching $1.38. 11,569 shares of the company’s stock were exchanged, compared to its average volume of 333,242. The stock has a fifty day moving average of $1.47 and a 200-day moving average of $1.58. Wah Fu Education Group has a twelve month low of $1.22 and a twelve month high of $3.06.

Wah Fu Education Group (NASDAQ:WAFU) last released its earnings results on Thursday, July 30th. The company reported ($0.11) EPS for the quarter. The business had revenue of $1.65 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Wah Fu Education Group in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Wah Fu Education Group Company Profile

Wah Fu Education Group (NASDAQ: WAFU) is a postsecondary vocational education provider in the People’s Republic of China, offering a range of career-oriented diploma and certificate programs. Through its network of licensed vocational schools, the company focuses on equipping students with practical skills in areas such as nursing, early childhood education, digital media, business administration and information technology. Wah Fu’s curriculum blends classroom instruction with hands-on training, aiming to meet the needs of local employers in sectors experiencing growth and skills shortages.

Founded in the early 2000s, Wah Fu has steadily expanded its footprint across Fujian Province, operating multiple campuses in cities including Xiamen, Fuzhou and Quanzhou.