China Online Education Group (NYSE:COE – Get a rating) was the target of strong short-term interest growth during the month of March. As of March 31, there was short interest totaling 568,500 shares, a growth of 51.0% from the March 15 total of 376,600 shares. Based on an average daily volume of 406,400 shares, the short interest rate is currently 1.4 days.
Separately, StockNews.com launched a coverage on China Online Education Group in a research report on Monday, April 11. They have placed a “holding” rating on the stock.
NYSE:COE traded down $0.04 during Friday trading hours, hitting $1.54. 71,963 shares of the company were traded, against an 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 company 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 been buying and selling stocks. Goldman Sachs Group Inc. bought a new stock position in China Online Education Group in Q2, valued at $89,000. BlackRock Inc. increased its stake in China Online Education Group by 20.9% in the third quarter. BlackRock Inc. now owns 57,142 shares of the company valued at $149,000 after acquiring an additional 9,862 shares in the last quarter. Prescott Group Capital Management LLC acquired a new stake in China Online Education Group during Q3, valued at approximately $26,000. Renaissance Technologies LLC increased its position in China Online Education Group shares by 21.9% in Q3. Renaissance Technologies LLC now owns 257,300 shares of the company worth $672,000 after purchasing an additional 46,200 shares during the period. Finally, Morgan Stanley increased its position in China Online Education Group shares by 10,002.3% in Q3. Morgan Stanley now owns 93,749 shares of the company worth $245,000 after purchasing an additional 92,821 shares during the period. Institutional investors and hedge funds hold 68.03% of the company’s shares.
China Online Education Group Company Profile (Get a rating)
China Online Education Group, through its subsidiaries, provides online English education services to students in the People’s Republic of China and the Philippines. The company operates online and mobile teaching platforms that allow students to take live interactive English lessons with international foreign teachers.
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