RISE Education Cayman Ltd (NASDAQ:REDU) Short Interest Update

RISE Education Cayman Ltd (NASDAQ:REDU) saw a significant drop in short interest during the month of May. As of May 28th, there was short interest totalling 10,800 shares, a drop of 81.9% from the May 13th total of 59,700 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 70,200 shares, the days-to-cover ratio is currently 0.2 days.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in REDU. Citadel Advisors LLC purchased a new position in shares of RISE Education Cayman during the 1st quarter worth $62,000. Dimensional Fund Advisors LP grew its holdings in RISE Education Cayman by 21.1% during the first quarter. Dimensional Fund Advisors LP now owns 60,916 shares of the company’s stock valued at $246,000 after purchasing an additional 10,616 shares during the period. Renaissance Technologies LLC increased its position in RISE Education Cayman by 9.3% in the first quarter. Renaissance Technologies LLC now owns 187,380 shares of the company’s stock worth $759,000 after buying an additional 15,908 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of RISE Education Cayman by 0.5% in the first quarter. Morgan Stanley now owns 3,218,580 shares of the company’s stock worth $13,035,000 after buying an additional 15,171 shares during the period. Institutional investors and hedge funds own 7.89% of the company’s stock.

REDU stock traded down $0.02 during trading on Friday, reaching $3.35. The stock had a trading volume of 1 shares, compared to its average volume of 53,774. The company has a market capitalization of $189.19 million, a price-to-earnings ratio of -22.47 and a beta of 1.32. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.63 and a current ratio of 0.64. The firm’s 50 day moving average is $3.46. RISE Education Cayman has a 52 week low of $3.10 and a 52 week high of $10.20.

RISE Education Cayman (NASDAQ:REDU) last released its quarterly earnings results on Wednesday, May 19th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.08). RISE Education Cayman had a negative net margin of 4.59% and a positive return on equity of 4.80%. Research analysts predict that RISE Education Cayman will post 0.33 EPS for the current fiscal year.

Separately, Zacks Investment Research upgraded shares of RISE Education Cayman from a “sell” rating to a “hold” rating in a research note on Wednesday, May 19th.

About RISE Education Cayman

RISE Education Cayman Ltd, through its subsidiaries, provides junior English language training services under the RISE brand in China, Hong Kong, and Singapore. The company offers a range of educational programs, services, and products, which primarily include educational courses, sale of course materials, franchise services, and study tours.

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