China Online Education Group (NYSE:COE) Short Interest Update

China Online Education Group (NYSE:COEGet Rating) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 568,500 shares, a growth of 51.0% from the March 15th total of 376,600 shares. Based on an average daily volume of 406,400 shares, the short-interest ratio is currently 1.4 days.

Separately, StockNews.com initiated coverage on China Online Education Group in a research report on Monday, April 11th. They set a “hold” rating on the stock.

NYSE:COE traded down $0.04 during trading hours on Friday, reaching $1.54. 71,963 shares of the company were exchanged, compared to its average volume of 212,487. China Online Education Group has a 1-year low of $0.76 and a 1-year high of $22.87. The company has a market capitalization of $33.23 million, a P/E ratio of 2.14 and a beta of -0.72. The business has a 50 day moving average of $1.48 and a 200 day moving average of $1.64.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. bought a new position in shares of China Online Education Group in the 2nd quarter valued at $89,000. BlackRock Inc. boosted its holdings in China Online Education Group by 20.9% in the third quarter. BlackRock Inc. now owns 57,142 shares of the company’s stock valued at $149,000 after acquiring an additional 9,862 shares during the last quarter. Prescott Group Capital Management L.L.C. acquired a new stake in China Online Education Group during the 3rd quarter valued at approximately $26,000. Renaissance Technologies LLC lifted its position in shares of China Online Education Group by 21.9% in the 3rd quarter. Renaissance Technologies LLC now owns 257,300 shares of the company’s stock worth $672,000 after purchasing an additional 46,200 shares during the period. Finally, Morgan Stanley lifted its position in shares of China Online Education Group by 10,002.3% in the 3rd quarter. Morgan Stanley now owns 93,749 shares of the company’s stock worth $245,000 after purchasing an additional 92,821 shares during the period. Institutional investors and hedge funds own 68.03% of the company’s stock.

China Online Education Group Company Profile (Get Rating)

China Online Education Group, through its subsidiaries, provides online English language education services to students in the People's Republic of China and the Philippines. The company operates online and mobile education platforms that enable students to take live interactive English lessons with international foreign teachers.

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