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

RISE Education Cayman Ltd (NASDAQ:REDUGet Rating) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 414,500 shares, an increase of 143.1% from the April 15th total of 170,500 shares. Approximately 0.7% of the shares of the company are short sold. 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 modified their holdings of the business. Renaissance Technologies LLC increased its position in RISE Education Cayman by 23.4% in the 4th quarter. Renaissance Technologies LLC now owns 332,072 shares of the company’s stock worth $164,000 after buying an additional 62,900 shares during the period. Virtu Financial LLC increased its position in shares of RISE Education Cayman by 40.4% during the fourth quarter. Virtu Financial LLC now owns 77,095 shares of the company’s stock valued at $38,000 after purchasing an additional 22,174 shares during the period. Finally, Susquehanna International Group LLP increased its position in shares of RISE Education Cayman by 177.6% during the fourth quarter. Susquehanna International Group LLP now owns 54,123 shares of the company’s stock valued at $27,000 after purchasing an additional 34,623 shares during the period. 0.99% of the stock is currently owned by institutional investors.

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

About RISE Education Cayman (Get Rating)

RISE Education Cayman Ltd, through its subsidiaries, provides 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, sale of course materials, franchise services, and study tours.

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