China Online Education Group (NYSE:COE – Get a rating) was the target of a sharp fall in short-term interest rates in April. As of April 15, there was short interest totaling 443,600 shares, down 22.0% from the March 31 total of 568,500 shares. Based on an average trading volume of 404,500 shares, the short-term interest rate ratio is currently 1.1 days.
Separately, StockNews.com began covering shares of China Online Education Group in a research note on Thursday. They issued a “holding” rating on the stock.
China Online Education Group Action opened at $1.46 on Thursday. China Online Education Group has a 1-year minimum of $0.76 and a 1-year maximum of $20.40. The company’s 50-day simple moving average is $1.47 and its 200-day simple moving average is $1.54. The company has a market capitalization of $31.51 million, a price-earnings ratio of 2.03 and a beta of -0.52.
China Online Education Group (NYSE:COE – Get a rating) last announced its results on Thursday, March 24. The company reported earnings per share of $0.50 for the quarter. China Online Education Group achieved a net margin of 4.91% and a negative return on equity of 12.88%. The company had revenue of $88.65 million for the quarter.
A number of institutional investors and hedge funds have recently changed their positions in COE. Goldman Sachs Group Inc. acquired a new stake in China Online Education Group during Q2 for a value of approximately $89,000. BlackRock Inc. increased its stake in China Online Education Group by 20.9% during the 3rd quarter. BlackRock Inc. now owns 57,142 shares of the company worth $149,000 after purchasing an additional 9,862 shares during the period. Prescott Group Capital Management LLC acquired a new stake in China Online Education Group during Q3 for a value of approximately $26,000. Renaissance Technologies LLC increased its position in China Online Education Group shares by 21.9% in Q3. Renaissance Technologies LLC now owns 257,300 shares of the company valued at $672,000 after purchasing an additional 46,200 shares in the last quarter. Finally, Morgan Stanley increased its position in China Online Education Group shares by 10,002.3% in Q3. Morgan Stanley now owns 93,749 shares of the company valued at $245,000 after buying an additional 92,821 shares in the last quarter. 69.25% of the shares are currently held by hedge funds and other institutional investors.
China Online Education Group Company Profile (Get a rating)
China Online Education Group, through its subsidiaries, provides online English education services to students in the People’s Republic of China and the Philippines. The company operates online and mobile teaching platforms that allow students to take live interactive English lessons with international foreign teachers.
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