Short Interest in Classover Holdings, Inc. (NASDAQ:KIDZ) Grows By 632.8%

Classover Holdings, Inc. (NASDAQ:KIDZ) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 489,270 shares, a growth of 632.8% from the April 15th total of 66,767 shares. Based on an average daily volume of 7,299,070 shares, the short-interest ratio is presently 0.1 days. Currently, 48.7% of the company’s stock are sold short.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KIDZ. Weiss Ratings cut shares of Classover from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, April 27th. Wall Street Zen lowered shares of Classover from a “hold” rating to a “strong sell” rating in a research note on Saturday, April 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Classover currently has an average rating of “Sell”.

Classover Stock Up 2.7%

Shares of NASDAQ:KIDZ traded up $0.01 during trading on Tuesday, reaching $0.55. 1,070,711 shares of the company traded hands, compared to its average volume of 3,142,669. The firm has a fifty day simple moving average of $2.33 and a 200 day simple moving average of $10.85. The firm has a market cap of $716,445.00, a P/E ratio of -0.18 and a beta of -0.65. Classover has a 1-year low of $0.42 and a 1-year high of $309.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.17.

Classover (NASDAQ:KIDZ) last released its earnings results on Wednesday, April 1st. The company reported $22,832,247.00 earnings per share for the quarter. The firm had revenue of $0.54 million during the quarter. Classover had a negative net margin of 209.30% and a negative return on equity of 398.82%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Classover stock. Sandia Investment Management LP acquired a new position in shares of Classover Holdings, Inc. (NASDAQ:KIDZ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 90,000 shares of the company’s stock, valued at approximately $265,000. Sandia Investment Management LP owned 0.38% of Classover as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 74.70% of the company’s stock.

About Classover

Classover is an online enrichment program in Manhattan, New York that offers over 20 courses taught by certified instructors. It caters to children aged 4 to 17, providing personalized attention and a supportive learning environment. Classover is recognized worldwide by over 20,000 parents and children in more than 34 countries. Classover’s proprietary course platform app provides exclusive benefits to students, including access to class schedules, remaining class credits, and class history. As an official test center for the Math Kangaroo Competition and other high-value competition channels, Classover is certified to provide high-quality teaching services to help students improve their academic performance.