Short Interest in QuantaSing Group Limited (NASDAQ:QSG) Expands By 347.0%

QuantaSing Group Limited (NASDAQ:QSG) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 210,100 shares, an increase of 347.0% from the March 31st total of 47,000 shares. Based on an average daily volume of 784,400 shares, the short-interest ratio is currently 0.3 days. Approximately 0.7% of the company’s shares are sold short.

Institutional Investors Weigh In On QuantaSing Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC purchased a new stake in QuantaSing Group during the fourth quarter valued at about $27,000. Virtu Financial LLC purchased a new stake in QuantaSing Group during the third quarter valued at about $31,000. Finally, Millennium Management LLC grew its position in QuantaSing Group by 173.5% during the fourth quarter. Millennium Management LLC now owns 36,685 shares of the company’s stock valued at $79,000 after acquiring an additional 23,272 shares during the period.

QuantaSing Group Stock Up 14.9 %

Shares of NASDAQ:QSG opened at $5.79 on Tuesday. The company has a market cap of $296.52 million, a P/E ratio of 5.85 and a beta of -1.20. QuantaSing Group has a 52 week low of $1.47 and a 52 week high of $7.96. The business has a fifty day simple moving average of $3.54 and a 200-day simple moving average of $2.93.

QuantaSing Group (NASDAQ:QSG) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13. The business had revenue of $99.55 million during the quarter, compared to the consensus estimate of $97.90 million. QuantaSing Group had a return on equity of 88.29% and a net margin of 10.67%. Sell-side analysts expect that QuantaSing Group will post 0.71 earnings per share 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.