Tarena International Inc (TEDU) Sees Significant Decline in Short Interest

Tarena International Inc (NASDAQ:TEDU) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 546,160 shares, a decrease of 31.1% from the January 12th total of 792,589 shares. Based on an average trading volume of 122,859 shares, the days-to-cover ratio is presently 4.4 days. Approximately 1.1% of the shares of the company are sold short.

Several research firms have issued reports on TEDU. BidaskClub lowered shares of Tarena International from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. Zacks Investment Research raised shares of Tarena International from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. Finally, Jefferies Group lowered shares of Tarena International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $20.13.

Several large investors have recently added to or reduced their stakes in TEDU. Bank of New York Mellon Corp acquired a new position in shares of Tarena International in the second quarter valued at $800,000. State Street Corp increased its holdings in shares of Tarena International by 7.2% in the second quarter. State Street Corp now owns 132,221 shares of the business services provider’s stock valued at $2,368,000 after purchasing an additional 8,924 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Tarena International by 17.1% in the third quarter. Nordea Investment Management AB now owns 152,105 shares of the business services provider’s stock valued at $2,213,000 after purchasing an additional 22,242 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of Tarena International by 15.5% in the third quarter. Schroder Investment Management Group now owns 1,381,908 shares of the business services provider’s stock valued at $20,011,000 after purchasing an additional 185,518 shares during the last quarter. Finally, Greenwoods Asset Management Ltd increased its holdings in shares of Tarena International by 35.5% in the third quarter. Greenwoods Asset Management Ltd now owns 1,072,375 shares of the business services provider’s stock valued at $15,603,000 after purchasing an additional 280,718 shares during the last quarter. Hedge funds and other institutional investors own 34.37% of the company’s stock.

Shares of Tarena International (NASDAQ:TEDU) opened at $11.92 on Monday. Tarena International has a 1 year low of $11.48 and a 1 year high of $21.70. The stock has a market cap of $675.36, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 1.46 and a beta of 0.75.

Tarena International (NASDAQ:TEDU) last posted its quarterly earnings results on Monday, November 20th. The business services provider reported $0.24 earnings per share (EPS) for the quarter. Tarena International had a net margin of 11.77% and a return on equity of 13.44%. equities analysts predict that Tarena International will post 0.5 EPS for the current fiscal year.

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Tarena International Company Profile

Tarena International, Inc (Tarena International) is a holding company. The Company, through its subsidiaries, provides professional education services, including professional information technology (IT) training courses and non-IT training courses across the People’s Republic of China (PRC). It operates through training segment.

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