China Online Education Group (NYSE:COE) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 40,400 shares, an increase of 288.5% from the August 15th total of 10,400 shares. Based on an average daily volume of 8,900 shares, the days-to-cover ratio is currently 4.5 days. Approximately 3.1% of the companys stock are sold short.

Shares of COE traded up $0.20 during mid-day trading on Friday, reaching $6.88. The companys stock had a trading volume of 13,640 shares, compared to its average volume of 9,781. China Online Education Group has a 12-month low of $3.68 and a 12-month high of $9.52. The companys 50 day moving average is $6.15 and its 200 day moving average is $6.16.

China Online Education Group (NYSE:COE) last announced its earnings results on Wednesday, September 11th. The company reported ($0.23) earnings per share (EPS) for the quarter. The company had revenue of $51.48 million during the quarter.

Separately, ValuEngine upgraded China Online Education Group from a hold rating to a buy rating in a report on Thursday, August 1st.

About China Online Education Group

China Online Education Group, through its subsidiaries, provides online English language education services to students in the People's Republic of China and the Philippines. It operates online and mobile education platforms that enable students to take live interactive English lessons with international foreign teachers.

Further Reading: Overbought

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Originally posted here:
Short Interest in China Online Education Group (NYSE:COE) Expands By 288.5% - Riverton Roll