Bright Scholar Education Holdings Limited (NYSE:BEDU) benefited from a significant drop in short interest in January. As of January 31, there was short interest totaling 16,600 shares, a decrease of 62.9% from the total of 44,700 shares as of January 15. Based on an average daily trading volume of 57,500 shares, the short-term interest rate ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Indus Capital Partners LLC increased its stake in Bright Scholar Education by 2.9% in the second quarter. Indus Capital Partners LLC now owns 4,868,227 shares of the company valued at $20,641,000 after purchasing an additional 139,281 shares in the last quarter. Morgan Stanley increased its stake in shares of Bright Scholar Education by 1.1% during the second quarter. Morgan Stanley now owns 396,881 shares of the company worth $1,683,000 after acquiring 4,459 additional shares in the last quarter. Bank of America Corp DE increased its stake in shares of Bright Scholar Education by 499.3% during the second quarter. Bank of America Corp DE now owns 285,782 shares of the company worth $1,212,000 after acquiring an additional 238,094 shares in the last quarter. Finally, Balyasny Asset Management LLC purchased a new stake in shares of Bright Scholar Education during the second quarter worth approximately $72,000. Institutional investors hold 10.83% of the company’s shares.

Shares of Bright Scholar Education rose $0.06 in Friday trading, hitting $1.10. 20,543 shares of the stock were traded, compared to an average volume of 36,160. The company has a market capitalization of $131.74 million, a P/E ratio of -15.78 and a beta of 0.92 . Bright Scholar Education has a 52-week minimum of $0.78 and a 52-week maximum of $6.61. The stock’s fifty-day simple moving average is $1.22 and its 200-day simple moving average is $2.33.

Bright Scholar Education (NYSE:BEDU) last released its results on Monday, December 20. The company reported ($1.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($1.07). Bright Scholar Education posted a negative net margin of 1.66% and a positive return on equity of 4.58%. The company had revenue of $49.54 million in the quarter.

Company Profile Bright Scholar Education

Bright Scholar Education Holdings Ltd. operates K-12 international and bilingual schools, which are committed to providing an international education to Chinese students. It operates through the following segments: international schools, bilingual schools, kindergartens, schools abroad, education technology and further education services.

Further reading

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