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

Wah Fu Education Group Limited (NASDAQ:WAFU – Get Free Report) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 23,185 shares, a decline of 59.3% from the August 31st total of 56,898 shares. Based on an average daily trading volume, of 2,454,694 shares, the days-to-cover ratio is currently 0.0 days. Currently, 2.8% of the shares of the company are short sold.

Wah Fu Education Group Trading Down 1.7%

WAFU traded down $0.03 during trading hours on Tuesday, hitting $1.43. The company’s stock had a trading volume of 46,525 shares, compared to its average volume of 534,529. Wah Fu Education Group has a 12 month low of $1.22 and a 12 month high of $3.06. The business’s 50-day moving average price is $1.45 and its 200-day moving average price is $1.56.

Wah Fu Education Group (NASDAQ:WAFU – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $1.65 million during the quarter.

Institutional Trading of Wah Fu Education Group

An institutional investor recently bought a new position in Wah Fu Education Group stock. Financial Plan Inc. bought a new stake in shares of Wah Fu Education Group Limited (NASDAQ:WAFU – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 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 as of its most recent SEC filing.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Wah Fu Education Group in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

View Our Latest Analysis on Wah Fu Education Group

Wah Fu Education Group Company Profile

(Get Free Report)

Wah Fu Education Group Limited is an education services company that operates through subsidiaries in China. The company focuses on delivering education and training programs through online and offline channels.

Its services have included online courses, academic support, examination preparation, and vocational or professional training. Wah Fu’s offerings are designed to serve students and adult learners seeking continuing education, skills development, or preparation for educational examinations.

The company was established to provide technology-enabled education services in the Chinese market and has operated primarily in China.

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