QuantaSing Group Limited (NASDAQ:QSG) Sees Significant Increase in Short Interest

QuantaSing Group Limited (NASDAQ:QSG) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 205,300 shares, a growth of 55.2% from the November 15th total of 132,300 shares. Based on an average daily volume of 335,000 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.7% of the company’s stock are short sold.

Institutional Trading of QuantaSing Group

Hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new stake in shares of QuantaSing Group during the 2nd quarter valued at approximately $36,000. Renaissance Technologies LLC purchased a new position in shares of QuantaSing Group during the second quarter worth approximately $49,000. Meridian Wealth Management LLC bought a new stake in shares of QuantaSing Group in the 3rd quarter valued at about $35,000. Finally, Virtu Financial LLC purchased a new stake in QuantaSing Group during the 3rd quarter valued at $31,000.

QuantaSing Group Stock Performance

Shares of QuantaSing Group stock traded down $0.26 during trading hours on Friday, reaching $2.51. The company’s stock had a trading volume of 116,904 shares, compared to its average volume of 92,481. The company has a market capitalization of $128.54 million, a P/E ratio of 2.54 and a beta of 0.04. QuantaSing Group has a one year low of $1.40 and a one year high of $6.22. The stock’s fifty day simple moving average is $3.11 and its two-hundred day simple moving average is $2.29.

QuantaSing Group Announces Dividend

The company also recently declared a — dividend, which was paid on Friday, November 15th. Investors of record on Wednesday, October 30th were given a dividend of $0.201 per share. The ex-dividend date of this dividend was Wednesday, October 30th.

QuantaSing Group Company Profile

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.