China Online Education Group (NYSE:COE) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 490,300 shares, a growth of 40.0% from the September 15th total of 350,300 shares. Approximately 21.9% of the company’s stock are short sold. Based on an average daily trading volume, of 759,500 shares, the days-to-cover ratio is presently 0.6 days.
NYSE:COE traded down $0.13 during trading on Friday, reaching $2.69. The company’s stock had a trading volume of 415,005 shares, compared to its average volume of 294,342. The firm has a market cap of $58.04 million, a price-to-earnings ratio of 9.96 and a beta of -0.73. The firm has a 50 day moving average of $2.73 and a 200-day moving average of $9.18. China Online Education Group has a 12 month low of $1.92 and a 12 month high of $30.85.
China Online Education Group (NYSE:COE) last announced its quarterly earnings data on Monday, September 27th. The company reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.99) by ($0.25). The business had revenue of $89.79 million during the quarter. China Online Education Group had a net margin of 1.92% and a negative return on equity of 4.98%.
Large investors have recently made changes to their positions in the business. Citigroup Inc. bought a new position in shares of China Online Education Group during the 1st quarter worth $48,000. Trexquant Investment LP bought a new position in shares of China Online Education Group during the 2nd quarter worth $78,000. Virtu Financial LLC bought a new position in shares of China Online Education Group during the 2nd quarter worth $88,000. Goldman Sachs Group Inc. bought a new position in shares of China Online Education Group during the 2nd quarter worth $89,000. Finally, State Street Corp grew its stake in shares of China Online Education Group by 27.0% during the 2nd quarter. State Street Corp now owns 24,223 shares of the company’s stock worth $190,000 after acquiring an additional 5,156 shares during the period. Hedge funds and other institutional investors own 39.35% of the company’s stock.
COE has been the subject of a number of analyst reports. Needham & Company LLC lowered their price target on China Online Education Group from $32.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, October 7th. Benchmark lowered China Online Education Group from a “buy” rating to a “hold” rating in a research report on Monday, July 26th.
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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