QuantaSing Group Limited (NASDAQ:QSG) Sees Large Decrease in Short Interest

QuantaSing Group Limited (NASDAQ:QSG) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 124,300 shares, a decline of 44.9% from the October 15th total of 225,400 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 319,800 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On QuantaSing Group

Several large investors have recently made changes to their positions in the business. Meridian Wealth Management LLC purchased a new stake in shares of QuantaSing Group during the third quarter valued at approximately $35,000. Acadian Asset Management LLC acquired a new position in QuantaSing Group in the 2nd quarter worth $36,000. Renaissance Technologies LLC purchased a new position in QuantaSing Group in the 2nd quarter valued at about $49,000. Finally, Boston Partners acquired a new stake in shares of QuantaSing Group during the first quarter valued at about $401,000.

QuantaSing Group Stock Performance

QSG stock traded down $0.11 on Wednesday, reaching $3.05. The company had a trading volume of 60,909 shares, compared to its average volume of 251,551. QuantaSing Group has a 1 year low of $1.40 and a 1 year high of $6.22. The company’s fifty day moving average is $2.76 and its 200 day moving average is $2.29. The company has a market cap of $156.19 million, a P/E ratio of 3.26 and a beta of 0.29.

QuantaSing Group (NASDAQ:QSG) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.50 EPS for the quarter. The company had revenue of $137.62 million during the quarter. QuantaSing Group had a return on equity of 104.58% and a net margin of 10.15%. On average, sell-side analysts predict that QuantaSing Group will post 0.72 earnings per share for the current year.

QuantaSing Group Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, November 15th. Stockholders of record on Wednesday, October 30th will be paid a $0.201 dividend. The ex-dividend date of this dividend is Wednesday, October 30th.

About QuantaSing Group

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.