Quantasing Group Ltd (NASDAQ:HERE) Sees Large Decline in Short Interest

Posted by Brenda Bartman on Jul 16th, 2026

Quantasing Group Ltd (NASDAQ:HERE – Get Free Report) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 366,881 shares, a decrease of 57.4% from the June 15th total of 860,299 shares. Based on an average daily volume of 153,952 shares, the short-interest ratio is presently 2.4 days. Currently, 0.7% of the company’s stock are short sold.

Quantasing Group Trading Up 3.1%

Shares of HERE traded up $0.06 during mid-day trading on Thursday, reaching $1.83. The company’s stock had a trading volume of 259,619 shares, compared to its average volume of 137,726. Quantasing Group has a 1-year low of $1.50 and a 1-year high of $13.63. The stock has a market cap of $100.30 million, a PE ratio of 2.13 and a beta of -0.52. The business’s 50-day moving average price is $2.24.

Quantasing Group announced that its Board of Directors has initiated a stock repurchase plan on Friday, June 5th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Quantasing Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC bought a new position in shares of Quantasing Group in the fourth quarter valued at about $72,000. Fideuram Asset Management Ireland dac acquired a new position in Quantasing Group in the 4th quarter valued at about $1,428,000. Renaissance Technologies LLC bought a new position in Quantasing Group in the 4th quarter valued at about $117,000. Oasis Management Co Ltd. bought a new position in Quantasing Group in the 4th quarter valued at about $479,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Quantasing Group during the fourth quarter worth approximately $88,000.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HERE shares. Wall Street Zen cut shares of Quantasing Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Citigroup reaffirmed a “neutral” rating and set a $2.50 price target on shares of Quantasing Group in a research report on Wednesday, May 27th. Finally, Weiss Ratings downgraded shares of Quantasing Group from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $2.50.

Read Our Latest Stock Analysis on HERE

Quantasing Group Company Profile

(Get Free Report)

We believe that personal learning and development is a lifelong journey. Everyone, regardless of background, should be given an equal opportunity to pursue their interests, passions, and goals. Our mission is to improve people’s quality of life and well-being by providing them lifelong personal learning and development opportunities. QuantaSing Group is the largest online learning service provider in China’s adult learning market for personal interest courses and among the top five service providers in China’s total adult learning market, in terms of revenue in 2021, according to the F&S report.