QuantaSing Group Limited (NASDAQ:QSG) Short Interest Update

QuantaSing Group Limited (NASDAQ:QSG) saw a large drop in short interest in July. As of July 15th, there was short interest totalling 350,500 shares, a drop of 20.7% from the June 30th total of 441,800 shares. Based on an average daily trading volume, of 218,000 shares, the short-interest ratio is presently 1.6 days. Approximately 1.0% of the shares of the stock are short sold.

QuantaSing Group Stock Down 6.8 %

Shares of NASDAQ QSG traded down $0.12 during trading hours on Tuesday, reaching $1.65. 62,372 shares of the stock traded hands, compared to its average volume of 236,611. The company has a market capitalization of $93.21 million, a P/E ratio of 2.89 and a beta of 0.83. QuantaSing Group has a 52-week low of $1.41 and a 52-week high of $8.75. The company’s 50-day simple moving average is $1.86 and its two-hundred day simple moving average is $2.84.

QuantaSing Group (NASDAQ:QSG) last announced its quarterly earnings data on Thursday, June 6th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.13). The firm had revenue of $130.96 million for the quarter, compared to analysts’ expectations of $123.68 million. QuantaSing Group had a net margin of 6.69% and a return on equity of 79.30%. As a group, sell-side analysts forecast that QuantaSing Group will post 0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On QuantaSing Group

A hedge fund recently bought a new stake in QuantaSing Group stock. Boston Partners purchased a new position in shares of QuantaSing Group Limited (NASDAQ:QSG) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 98,007 shares of the company’s stock, valued at approximately $401,000. Boston Partners owned about 0.17% of QuantaSing Group at the end of the most recent reporting period.

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.