Short-term stake in Bright Scholar Education Holdings Limited (NYSE:BEDU) increases 170.1%

Bright Scholar Education Holdings Limited (NYSE: BEDU – Get a rating) benefited from significant growth in short-term interest during the month of July. As of July 15, there were short interests totaling 38,900 shares, a growth of 170.1% from the total of 14,400 shares as of June 30. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 101,400 shares, the day-to-cover ratio is currently 0.4 days.

Institutional entries and exits

An institutional investor recently upgraded its position in Bright Scholar Education stock. Renaissance Technologies LLC has increased its equity stake in Bright Scholar Education Holdings Limited (NYSE: BEDU – Get a rating) by 16.6% in the first quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission. The company held 337,700 shares of the company after acquiring an additional 48,100 shares during the quarter. Renaissance Technologies LLC owned approximately 0.28% of Bright Scholar Education worth $203,000 when it last filed with the SEC. 10.38% of the shares are currently held by institutional investors and hedge funds.

Bright Scholar Education Awards Performance

NYSE BEDU opened at $0.86 on Friday. Bright Scholar Education has a one-year minimum of $0.51 and a one-year maximum of $3.83. The company has a 50-day simple moving average of $0.78 and a 200-day simple moving average of $0.80. The stock has a market capitalization of $102.24 million, a P/E ratio of -12.25 and a beta of 0.65.

Company Profile Bright Scholar Education

(Get a rating)

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

Further reading

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