RISE Education Cayman Ltd (NASDAQ:REDU) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 680,600 shares, a growth of 7.5% from the July 31st total of 633,000 shares. Based on an average daily trading volume, of 62,300 shares, the days-to-cover ratio is presently 10.9 days. Approximately 1.2% of the shares of the stock are sold short.
Institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP bought a new stake in shares of RISE Education Cayman during the 2nd quarter valued at approximately $133,000. D. E. Shaw & Co. Inc. bought a new stake in shares of RISE Education Cayman during the 2nd quarter valued at approximately $139,000. Citadel Advisors LLC grew its holdings in shares of RISE Education Cayman by 112.0% during the 2nd quarter. Citadel Advisors LLC now owns 22,655 shares of the company’s stock valued at $216,000 after purchasing an additional 11,968 shares during the last quarter. Northern Trust Corp grew its holdings in shares of RISE Education Cayman by 119.2% during the 2nd quarter. Northern Trust Corp now owns 27,873 shares of the company’s stock valued at $265,000 after purchasing an additional 15,158 shares during the last quarter. Finally, Prudential Financial Inc. bought a new stake in shares of RISE Education Cayman during the 2nd quarter valued at approximately $389,000. 13.09% of the stock is currently owned by institutional investors.
Shares of RISE Education Cayman stock traded up $0.72 during midday trading on Friday, hitting $8.50. 21,011 shares of the company traded hands, compared to its average volume of 33,624. The stock has a market cap of $441.70 million, a price-to-earnings ratio of 23.58 and a beta of 0.84. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.01 and a current ratio of 1.02. The firm’s fifty day moving average price is $8.20 and its 200-day moving average price is $9.36. RISE Education Cayman has a 12 month low of $6.70 and a 12 month high of $12.70.
RISE Education Cayman (NASDAQ:REDU) last announced its quarterly earnings results on Thursday, August 15th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.05). The company had revenue of $53.47 million for the quarter. RISE Education Cayman had a net margin of 8.70% and a return on equity of 29.54%. Equities research analysts forecast that RISE Education Cayman will post 0.35 earnings per share for the current year.
Separately, Morgan Stanley cut shares of RISE Education Cayman from an “equal weight” rating to an “underweight” rating in a research report on Monday, August 19th.
About RISE Education Cayman
RISE Education Cayman Ltd, through its subsidiaries, provides junior English language training services under the RISE brand name in the People's Republic of China. The company offers a range of educational programs, services, and products, including educational courses, sale of course materials, franchise services, and study tours.
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