Golden Sun Health Technology Group Limited (NASDAQ:GSUN) Sees Significant Growth in Short Interest

Golden Sun Health Technology Group Limited (NASDAQ:GSUN) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 196,800 shares, a growth of 6.9% from the March 15th total of 184,100 shares. Based on an average daily trading volume, of 127,000 shares, the short-interest ratio is presently 1.5 days. Currently, 1.7% of the company’s shares are sold short.

Golden Sun Health Technology Group Price Performance

Golden Sun Health Technology Group stock opened at $0.40 on Tuesday. Golden Sun Health Technology Group has a 52-week low of $0.31 and a 52-week high of $1.97. The stock’s 50 day moving average price is $0.66 and its two-hundred day moving average price is $0.63. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.10 and a current ratio of 1.11.

Golden Sun Health Technology Group shares are going to reverse split before the market opens on Thursday, April 18th. The 1-10 reverse split was announced on Thursday, April 18th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, April 18th.

Hedge Funds Weigh In On Golden Sun Health Technology Group

Institutional investors and hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP bought a new position in shares of Golden Sun Health Technology Group in the 4th quarter worth $38,000. Morgan Stanley lifted its holdings in shares of Golden Sun Health Technology Group by 29,373.3% in the 4th quarter. Morgan Stanley now owns 30,947 shares of the company’s stock worth $34,000 after purchasing an additional 30,842 shares in the last quarter. Finally, Millennium Management LLC bought a new position in shares of Golden Sun Health Technology Group in the 4th quarter worth $132,000. 0.08% of the stock is currently owned by institutional investors.

About Golden Sun Health Technology Group

Golden Sun Health Technology Group Limited, through its subsidiaries, provides education and management services in the People's Republic of China. The company offers foreign language tutorial services; and TOEFL, IELTS, and school and college entrance examination training, as well as other education training management services.