RISE Education Cayman Ltd (NASDAQ: REDU) Sees Significant Short-Term Interest Growth


RISE Education Cayman Ltd (NASDAQ: REDUGet a rating) recorded a sharp increase in short-term interest in April. As of April 30, there was short interest totaling 414,500 shares, an increase of 143.1% from the April 15 total of 170,500 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily trading volume of 769,100 shares, the short interest ratio is currently 0.5 days.

A number of hedge funds and other institutional investors have recently changed their holdings in the company. Renaissance Technologies LLC increased its position in RISE Education Cayman by 23.4% in Q4. Renaissance Technologies LLC now owns 332,072 shares of the company worth $164,000 after purchasing an additional 62,900 shares during the period. Virtu Financial LLC increased its position in RISE Education Cayman shares by 40.4% during the fourth quarter. Virtu Financial LLC now owns 77,095 shares of the company valued at $38,000 after purchasing an additional 22,174 shares during the period. Finally, Susquehanna International Group LLP increased its position in RISE Education Cayman shares by 177.6% during the fourth quarter. Susquehanna International Group LLP now owns 54,123 shares of the company valued at $27,000 after purchasing an additional 34,623 shares during the period. 0.99% of the shares are currently held by institutional investors.

Shares of REDU NASDAQ opened at $1.06 on Friday. The company’s 50-day moving average is $1.01 and its two-hundred-day moving average is $0.74. The company has a market capitalization of $62.81 million, a P/E ratio of -7.57 and a beta of 0.66. RISE Education Cayman has a 12 month minimum of $0.42 and a 12 month maximum of $3.84.

About RISE Education Cayman (Get a rating)

RISE Education Cayman Ltd, through its subsidiaries, offers junior English language training services under the RISE brand in China, Hong Kong and Singapore. The Company offers a range of educational programs, services and products, which primarily include educational courses, sales of course materials, franchise services and study tours.

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About Columbus J. Perrault

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