RISE Education Cayman Ltd (NASDAQ:REDU) Short Interest Update

RISE Education Cayman Ltd (NASDAQ:REDU) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 56,900 shares, a decrease of 62.2% from the June 15th total of 150,500 shares. Based on an average trading volume of 74,500 shares, the short-interest ratio is currently 0.8 days. Currently, 0.1% of the shares of the stock are sold short.

A number of large investors have recently added to or reduced their stakes in REDU. State Street Corp lifted its holdings in RISE Education Cayman by 24.7% in the 1st quarter. State Street Corp now owns 80,699 shares of the company’s stock valued at $328,000 after purchasing an additional 15,986 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in RISE Education Cayman by 10.5% in the 4th quarter. Renaissance Technologies LLC now owns 143,106 shares of the company’s stock valued at $1,000,000 after purchasing an additional 13,600 shares in the last quarter. BlackRock Inc. lifted its holdings in RISE Education Cayman by 0.7% in the 1st quarter. BlackRock Inc. now owns 472,397 shares of the company’s stock valued at $1,923,000 after purchasing an additional 3,279 shares in the last quarter. Credit Suisse AG lifted its holdings in RISE Education Cayman by 13.0% in the 4th quarter. Credit Suisse AG now owns 1,218,646 shares of the company’s stock valued at $8,518,000 after purchasing an additional 140,491 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of RISE Education Cayman by 5.1% during the 1st quarter. Morgan Stanley now owns 3,648,911 shares of the company’s stock worth $14,851,000 after acquiring an additional 177,176 shares during the period. Institutional investors own 10.33% of the company’s stock.

A number of equities research analysts recently commented on the stock. BidaskClub cut shares of RISE Education Cayman from a “sell” rating to a “strong sell” rating in a research note on Friday, March 13th. Credit Suisse Group raised shares of RISE Education Cayman from a “neutral” rating to an “outperform” rating in a research note on Monday, May 18th. ValuEngine raised shares of RISE Education Cayman from a “hold” rating to a “buy” rating in a research note on Friday, March 20th. Finally, Zacks Investment Research raised shares of RISE Education Cayman from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. RISE Education Cayman currently has a consensus rating of “Hold” and a consensus price target of $5.00.

NASDAQ:REDU opened at $3.77 on Tuesday. The firm has a market cap of $211.42 million, a price-to-earnings ratio of 188.50 and a beta of 1.02. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.74. The company’s 50-day moving average is $3.51 and its two-hundred day moving average is $4.90. RISE Education Cayman has a 12-month low of $3.00 and a 12-month high of $9.62.

RISE Education Cayman (NASDAQ:REDU) last released its earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.50) by $0.25. The company had revenue of $15.39 million for the quarter. RISE Education Cayman had a net margin of 0.69% and a return on equity of 7.59%. On average, equities research analysts forecast that RISE Education Cayman will post -0.53 earnings per share for the current fiscal year.

RISE Education Cayman Company Profile

RISE Education Cayman Ltd, through its subsidiaries, provides junior English language training services under the RISE brand name in the People's Republic of China. The company offers a range of educational programs, services, and products, including educational courses, sale of course materials, franchise services, and study tours.

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