EpicQuest Education Group International Limited (NASDAQ:EEIQ) Shares Shorted: Short Interest Up 63.4% in September

EpicQuest Education Group International Limited (NASDAQ:EEIQ) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 18,002 shares, an increase of 63.4% from the August 31st total of 11,014 shares. Based on an average daily volume of 17,301 shares, the short-interest ratio is currently 1.0 days. Approximately 1.4% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings raised EpicQuest Education Group International from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, EpicQuest Education Group International has an average rating of “Sell”.

EpicQuest Education Group International Price Performance

EEIQ stock traded down $0.39 during midday trading on Wednesday, hitting $5.21. The stock had a trading volume of 27,113 shares, compared to its average volume of 844,303. The company’s 50-day moving average price is $2.96 and its 200 day moving average price is $3.41. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.14. EpicQuest Education Group International has a 12-month low of $1.90 and a 12-month high of $12.70.

About EpicQuest Education Group International

EpicQuest Education Group International, Inc (NASDAQ: EEIQ) is an education services company focused on post-secondary education. The company provides academic programs and related student services through educational institutions serving domestic and international students.

EpicQuest has operated U.S.-based higher-education institutions, including Davis College in Johnson City, New York, which offers career-oriented undergraduate programs. The company has also been associated with Bay State College in Boston, Massachusetts, an institution that provided undergraduate and graduate education before ceasing operations.

The company was previously known as Elite Education Group International, Inc and adopted the EpicQuest Education Group International name as part of its broader education-focused strategy.