Bright Scholar Education Holdings Limited (NYSE:BEDU) Short Interest Up 41.7% in March

Bright Scholar Education Holdings Limited (NYSE:BEDUGet Rating) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 34,300 shares, an increase of 41.7% from the March 15th total of 24,200 shares. Based on an average daily trading volume, of 143,100 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Shares of Bright Scholar Education stock traded up $0.05 on Monday, hitting $0.59. The company had a trading volume of 100 shares, compared to its average volume of 135,386. The company has a 50-day simple moving average of $0.83. Bright Scholar Education has a twelve month low of $0.51 and a twelve month high of $5.92.

A hedge fund recently raised its stake in Bright Scholar Education stock. Goldman Sachs Group Inc. raised its holdings in Bright Scholar Education Holdings Limited (NYSE:BEDUGet Rating) by 8.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 229,309 shares of the company’s stock after buying an additional 17,839 shares during the period. Goldman Sachs Group Inc. owned 0.19% of Bright Scholar Education worth $266,000 at the end of the most recent reporting period. 10.77% of the stock is owned by institutional investors and hedge funds.

Bright Scholar Education Company Profile (Get Rating)

Bright Scholar Education Holdings Limited, an education service provider, operates and provides K-12 schools and complementary education services in China, Canada, the United states, and the United Kingdom. Its schools comprise international and bilingual schools, and kindergartens. The company also offers a range of complementary education services, including camps and after-school programs, as well as international education consulting services.

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