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China Online Education Group (NYSE:COE) Sees Large Growth in Short Interest Stock Observer

August 30, 2021
Source: thestockobserver.com thestockobserver.com
News Snapshot:
China Online Education Group (NYSE:COE) saw a large increase in short interest in the month of August. As of August 13th, there was short interest totalling 178,800 shares, an increase of 121.6% from the July 29th total of 80,700 shares. Approximately 8.0% of the company’s shares are sold short. Based on an average trading volume of 377,200 shares, the days-to-cover ratio is presently 0.5 days. Several equities research analysts have weighed in on COE shares. Needham & Company LLC lowered their target price on China Online Education Group from $36.00 to $32.00 and set a “buy” rating for the company...
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