Bright Scholar Education Holdngs Ltd-ADR (NASDAQ:BEDU) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 763,207 shares, an increase of 45.9% from the October 13th total of 523,259 shares. Based on an average daily volume of 572,377 shares, the short-interest ratio is currently 1.3 days. Approximately 0.7% of the company’s shares are short sold.

A hedge fund recently raised its stake in Bright Scholar Education Holdngs Ltd-ADR stock. Prudence Asset Management Ltd lifted its stake in shares of Bright Scholar Education Holdngs Ltd-ADR (NASDAQ:BEDU) by 531.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,318 shares of the company’s stock after acquiring an additional 106,318 shares during the period. Bright Scholar Education Holdngs Ltd-ADR accounts for about 11.8% of Prudence Asset Management Ltd’s investment portfolio, making the stock its 3rd largest position. Prudence Asset Management Ltd’s holdings in Bright Scholar Education Holdngs Ltd-ADR were worth $2,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of research firms have issued reports on BEDU. Morgan Stanley began coverage on shares of Bright Scholar Education Holdngs Ltd-ADR in a report on Friday, August 25th. They issued an “overweight” rating and a $20.00 target price on the stock. Deutsche Bank AG began coverage on shares of Bright Scholar Education Holdngs Ltd-ADR in a report on Wednesday, October 18th. They issued a “buy” rating on the stock.

Bright Scholar Education Holdngs Ltd-ADR (BEDU) opened at $22.00 on Tuesday. Bright Scholar Education Holdngs Ltd-ADR has a 1-year low of $10.55 and a 1-year high of $28.18.

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About Bright Scholar Education Holdngs Ltd-ADR

Bright Scholar Education Holdings Limited is an operator of international and bilingual K-12 schools in China. The Company is engaged in providing international education to Chinese students. Its schools comprise international schools, bilingual schools and kindergartens. It offers a broad range of internationally-accredited curricula at its international schools.

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