Short Interest in Bright Scholar Education Holdngs Ltd-ADR (NYSE:BEDU) Rises By 26.2%
Bright Scholar Education Holdngs Ltd-ADR (NYSE:BEDU) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 145,600 shares, an increase of 26.2% from the July 31st total of 115,400 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 73,700 shares, the short-interest ratio is presently 2.0 days.
A number of research analysts recently commented on BEDU shares. Zacks Investment Research cut Bright Scholar Education Holdngs from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Morgan Stanley cut Bright Scholar Education Holdngs from an “equal weight” rating to an “underweight” rating and set a $9.00 price target on the stock. in a report on Friday, May 24th.
Shares of NYSE BEDU remained flat at $$9.32 during trading hours on Friday. The stock had a trading volume of 1 shares, compared to its average volume of 67,332. The company has a market capitalization of $1.15 billion, a PE ratio of 31.07 and a beta of 1.33. The firm’s 50 day moving average is $9.17 and its 200 day moving average is $10.13. Bright Scholar Education Holdngs has a 52-week low of $8.40 and a 52-week high of $13.50.
Several institutional investors and hedge funds have recently bought and sold shares of BEDU. Deutsche Bank AG grew its position in shares of Bright Scholar Education Holdngs by 250.7% during the 4th quarter. Deutsche Bank AG now owns 71,400 shares of the company’s stock worth $657,000 after buying an additional 51,040 shares in the last quarter. Marshall Wace LLP grew its position in shares of Bright Scholar Education Holdngs by 24.2% during the 1st quarter. Marshall Wace LLP now owns 261,605 shares of the company’s stock worth $2,705,000 after buying an additional 50,892 shares in the last quarter. Marshall Wace North America L.P. bought a new position in shares of Bright Scholar Education Holdngs during the 1st quarter worth $419,000. Trellus Management Company LLC bought a new position in shares of Bright Scholar Education Holdngs during the 2nd quarter worth $173,000. Finally, JPMorgan Chase & Co. grew its position in shares of Bright Scholar Education Holdngs by 1,230.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 32,549 shares of the company’s stock worth $325,000 after buying an additional 30,102 shares in the last quarter. 11.01% of the stock is currently owned by institutional investors and hedge funds.
Bright Scholar Education Holdngs Company Profile
Bright Scholar Education Holdings Limited operates K-12 schools in China. Its schools comprise international schools, bilingual schools, and kindergartens. The company also offers a range of complementary education services, including international camps and after-school programs, as well as international education consulting services.
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