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

QuantaSing Group Limited (NASDAQ:QSG) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 20,400 shares, a decline of 75.2% from the March 31st total of 82,400 shares. Based on an average trading volume of 177,100 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

QuantaSing Group Price Performance

QSG traded down $0.07 during trading on Thursday, reaching $3.30. 83,139 shares of the stock were exchanged, compared to its average volume of 253,357. The company has a market capitalization of $186.42 million, a price-to-earnings ratio of 7.33 and a beta of 0.71. QuantaSing Group has a 1 year low of $1.40 and a 1 year high of $28.99. The business’s 50 day moving average price is $3.48 and its two-hundred day moving average price is $2.80.

QuantaSing Group (NASDAQ:QSG) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.16. The business had revenue of $138.11 million during the quarter, compared to the consensus estimate of $132.07 million. QuantaSing Group had a return on equity of 83.40% and a net margin of 5.78%. During the same quarter in the previous year, the company posted ($0.45) EPS. On average, analysts anticipate that QuantaSing Group will post 0.75 EPS for the current year.

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.