New Oriental Education & Technology Group Inc. (NYSE:EDU) Short Interest Up 12.1% in June
12,780,000 shares, a growth of 10.4% from the June 15th total of 11,580,000 shares. Based on an average daily volume of 3,090,000 shares, the short-interest ratio is presently 4.1 days. The stock has increased by 1.32% over the past month. New Oriental Education & Technology Group Inc. has seen
() experienced a significant increase in short interest during the month of July. On June 30, there were 5,750,000 short shares. This is a 12.1% increase from the total of 5,130,000 on June 15. At the moment, 3.4% are shorted. The short-interest rate is currently 3.4 Days based on a daily average of 1,690,000 Shares.
Institutional Trading of New Oriental Education & Technology Group
Recent changes in the holdings of hedge funds and institutional investors have been made. Renaissance Technologies LLC increased its stake in New Oriental Education & Technology Group from 130.8% to 132.8% during the first quarter. Renaissance Technologies LLC owns now 37,490 100 shares of the stock valued at $43,114,000, after buying an additional 21,246,644 during the last quarter. FMR LLC increased its holdings of shares in New Oriental Education & Technology Group during the first quarter by 167.787.3%. FMR LLC owns now 3,624,686 of the company stock valued at $139,949,000. This is after buying an additional 3,622,527 during the last quarter. Prudential Financial Inc. acquired a stake in New Oriental Education & Technology Group during the first quarter, valued at about $3,799,000. Verition Fund Management LLC increased their holdings of New Oriental Education & Technology Group shares by 158.8% during the first quarter. Verition Fund Management LLC owns now 5,000,000 shares worth $5,750,000, after buying an additional 3,067.800 shares in the last quarter. Bank of America Corp DE increased its stake in New Oriental Education & Technology Group during the fourth-quarter by 360.2%. Bank of America Corp DE owns now 2,671,195 of the company’s stock, worth $93,011,000. This is after purchasing an additional 2,090 812 shares during the last quarter. The stock rose $1.29 in midday trading on Tuesday, reaching $45.25. The stock was traded at a volume of 1,924,949. The market cap is $7.68 billion. It has a PE of 58.61, and a beta value of 0.60. The company has a 50-day moving average of 40.31, and a 200-day moving average is $40.44. New Oriental Education & Technology Group's 52-week low is $17.01 while its 52-week highest is $47.10.
The company announced its last earnings report on Wednesday, 19th April. The company reported earnings per share of $0.44 for the third quarter. For the quarter, revenue was $754,15 million. New Oriental Education & Technology Group posted a negative return of equity of 1.21%, and a net margin of -1.54%. Analysts predict that New Oriental Education & Technology Group is expected to post 1.1 EPS in the current year.
Analyst Upgrades and downgrades
In a report published on Thursday, 13th July, New Oriental Education & Technology Group was downgraded from a buy' to a hold' rating.
New Oriental Education & Technology Group Company profile
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New Oriental Education & Technology Group Inc offers private educational services in China under the New Oriental name. The company is divided into four segments: Educational Services and Test Preparation Courses, Online Education and Other Services, Overseas Study Consulting Services and Others.
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