QuantaSing Group Limited (NASDAQ:QSG) Short Interest Down 44.9% in October

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

QuantaSing Group Stock Down 3.5 %

Shares of NASDAQ QSG traded down $0.11 during midday trading on Wednesday, hitting $3.05. The stock had a trading volume of 60,909 shares, compared to its average volume of 251,551. The stock has a 50 day simple moving average of $2.76 and a 200-day simple moving average of $2.29. The company has a market capitalization of $156.19 million, a PE ratio of 3.26 and a beta of 0.29. QuantaSing Group has a 1 year low of $1.40 and a 1 year high of $6.22.

QuantaSing Group (NASDAQ:QSG) last released its earnings results on Wednesday, August 28th. The company reported $0.50 earnings per share 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%. As a group, analysts expect that QuantaSing Group will post 0.72 earnings per share for the current fiscal year.

QuantaSing Group Dividend Announcement

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

Institutional Investors Weigh In On QuantaSing Group

Several institutional investors have recently added to or reduced their stakes in QSG. Boston Partners acquired a new stake in QuantaSing Group during the 1st quarter worth $401,000. Renaissance Technologies LLC purchased a new position in shares of QuantaSing Group in the 2nd quarter valued at approximately $49,000. Acadian Asset Management LLC acquired a new position in QuantaSing Group in the 2nd quarter valued at $36,000. Finally, Meridian Wealth Management LLC acquired a new position in shares of QuantaSing Group during the third quarter worth about $35,000.

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.