China Online Education Group (NYSE:COE) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 350,300 shares, a growth of 78.7% from the August 31st total of 196,000 shares. Approximately 15.6% of the company’s stock are short sold. Based on an average daily volume of 658,400 shares, the days-to-cover ratio is currently 0.5 days.
Shares of NYSE:COE traded down $0.09 during trading on Friday, hitting $2.52. 442,657 shares of the company were exchanged, compared to its average volume of 288,589. The business’s 50 day moving average is $2.80 and its 200-day moving average is $10.45. The company has a market capitalization of $54.37 million, a P/E ratio of 9.33 and a beta of -0.85. China Online Education Group has a 1-year low of $1.92 and a 1-year high of $30.85.
Get China Online Education Group alerts: China Online Education Group (NYSE:COE) last issued its quarterly earnings results on Monday, September 27th. The company reported ($1.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.99) by ($0.25). China Online Education Group had a net margin of 1.92% and a negative return on equity of 5.01%.
Institutional investors have recently modified their holdings of the business. Virtu Financial LLC purchased a new position in China Online Education Group during the 2nd quarter worth approximately $88,000. State Street Corp raised its holdings in China Online Education Group by 27.0% in the 2nd quarter. State Street Corp now owns 24,223 shares of the company’s stock valued at $190,000 after buying an additional 5,156 shares during the period. Goldman Sachs Group Inc. purchased a new stake in China Online Education Group in the 2nd quarter valued at about $89,000. Trexquant Investment LP purchased a new stake in China Online Education Group in the 2nd quarter valued at about $78,000. Finally, Millennium Management LLC raised its holdings in China Online Education Group by 42.4% in the 1st quarter. Millennium Management LLC now owns 43,791 shares of the company’s stock valued at $891,000 after buying an additional 13,049 shares during the period. Institutional investors own 39.35% of the company’s stock.
COE has been the subject of several analyst reports. Benchmark cut China Online Education Group from a “buy” rating to a “hold” rating in a report on Monday, July 26th. Needham & Company LLC lowered their price target on shares of China Online Education Group from $36.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, July 22nd.
China Online Education Group Company Profile
China Online Education Group engages in the operation of an online education platform in China. Its online and mobile education platforms enable students across China to take live interactive english lessons with overseas foreign teachers, on demand. The company was founded by Jia Jia Huang, Ting Shu, and Li Ming Zhang in November 2012 and is headquartered in Beijing, China.
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