China Online Education Group (NYSE:COE – Get Rating) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 443,600 shares, a decline of 22.0% from the March 31st total of 568,500 shares. Based on an average trading volume of 404,500 shares, the short-interest ratio is currently 1.1 days.
Separately, StockNews.com began coverage on shares of China Online Education Group in a research note on Thursday. They issued a “hold” rating on the stock.
China Online Education Group stock opened at $1.46 on Thursday. China Online Education Group has a 1 year low of $0.76 and a 1 year high of $20.40. The company’s 50 day simple moving average is $1.47 and its 200-day simple moving average is $1.54. The company has a market capitalization of $31.51 million, a price-to-earnings ratio of 2.03 and a beta of -0.52.
A number of institutional investors and hedge funds have recently made changes to their positions in COE. Goldman Sachs Group Inc. purchased a new stake in China Online Education Group during the 2nd quarter worth approximately $89,000. BlackRock Inc. increased its stake in China Online Education Group by 20.9% during the 3rd quarter. BlackRock Inc. now owns 57,142 shares of the company’s stock worth $149,000 after buying an additional 9,862 shares during the period. Prescott Group Capital Management L.L.C. purchased a new stake in China Online Education Group during the 3rd quarter worth approximately $26,000. Renaissance Technologies LLC increased 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 valued at $672,000 after purchasing an additional 46,200 shares during the last quarter. Finally, Morgan Stanley increased 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 valued at $245,000 after purchasing an additional 92,821 shares during the last quarter. 69.25% of the stock is currently owned by hedge funds and other institutional investors.
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.
- Get a free copy of the StockNews.com research report on China Online Education Group (COE)
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