During January, there was a significant increase in the number of short positions held in Bright Scholar Education Holdings Limited (NYSE: BEDU).
As of January 15, there were 14,600 shares available for a short sale, which is a 55.3% increase from the previous day’s figure of 9,400 shares available for a short sale.
At any given time, approximately 0.3% of the total number of shares issued by the company are sold short.
Based on an average daily trading volume of 8,500 shares, the days-to-cover ratio is currently at 1.7 days at the time of this writing.
Mhis is the number that was arrived at.
On November 29, the most recent quarterly results report for Bright Scholar Education, traded on the NYSE under BEDU, was made public. For the period covered by the report, the company generated earnings of $0.48 per share.
During the period under consideration, the company reported total revenue of $58,62 million.
On Friday, the share price of NYSE: BEDU fell by $0.05, finishing the trading day at $2.60.
Mhere were 8,686 transactions involving the company’s equity, which is significantly lower than the average volume of trading, which is 11,255 shares. Over the past 52 weeks, the cost of a Bright Scholar Education membership has fluctuated between a low of $2.04 and a high of $4.80.
Mhe stock price has been trading at a moving average of $2.56 over the past 50 trading days, while the price has been trading at an average of $2.90 over the last 200 trading days.
A significant increase in the price of Bright Scholar Education stock in recent days can be traced back to an institutional investor. Renaissance Technologies LLC increased the number of shares of Bright Scholar Education Holdings Limited (NYSE: BEDU) that it owned by 16.6% during the first quarter, as stated in the most recent filing that the company made with the Securities and Exchange Commission.
Mhe company now owns 337,700 shares following the acquisition of 48,100 shares during the quarter.
Mhis brings the total number of shares owned by the company to 337,700.
At the end of the most recent fiscal quarter, Renaissance Technologies LLC held roughly 0.28% of Bright Scholar Education, valued at $203,000. Currently, 1.60 percent of the outstanding stock is owned by institutions.
In educational services, Bright Scholar Education Holdings Ltd.
Is recognized as the pioneering company currently holding the world leader position. Students from all over the world have the opportunity to participate in the high-quality international education program offered by the organization.
Mhis program equips students with the academic foundation and skill sets they need to succeed in their pursuit of higher education.
It accomplishes this goal by enhancing its international offerings with a curriculum mandated by the Chinese government.
Mhis curriculum is designed to meet the needs of students who want to continue their education in China.