Sunlands Technology Group (NYSE:STG) Short Interest Down 43.2% in April

Sunlands Technology Group (NYSE:STGGet Rating) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 2,100 shares, a decline of 43.2% from the April 15th total of 3,700 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 13,900 shares, the days-to-cover ratio is presently 0.2 days.

An institutional investor recently raised its position in Sunlands Technology Group stock. Citadel Advisors LLC raised its holdings in Sunlands Technology Group (NYSE:STGGet Rating) by 113.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 112,940 shares of the company’s stock after acquiring an additional 60,057 shares during the quarter. Citadel Advisors LLC owned approximately 0.07% of Sunlands Technology Group worth $113,000 as of its most recent filing with the Securities & Exchange Commission. 3.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE STG remained flat at $$3.45 during trading hours on Friday. The stock had a trading volume of 9,051 shares, compared to its average volume of 8,683. The company has a market capitalization of $46.44 million, a PE ratio of 1.37 and a beta of 1.43. The firm’s 50 day moving average is $4.62 and its 200 day moving average is $4.90. Sunlands Technology Group has a 52-week low of $2.16 and a 52-week high of $14.38.

Sunlands Technology Group (NYSE:STGGet Rating) last released its earnings results on Friday, April 8th. The company reported $1.80 earnings per share for the quarter. The firm had revenue of $92.41 million for the quarter. Sunlands Technology Group had a negative return on equity of 18.97% and a net margin of 8.86%.

Sunlands Technology Group Company Profile (Get Rating)

Sunlands Technology Group, through its subsidiaries, provides online education services in the People's Republic of China. It offers various degree- and diploma-oriented post-secondary courses, including preparation courses for the self-taught higher education examination (STE) for learners pursuing associate diplomas or bachelor's degrees, as well as for the entrance examinations of Master of Business Administration programs.

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