Wah Fu Education Group Limited (NASDAQ:WAFU) Shares Shorted: Short Interest Down 59.3% in September

Wah Fu Education Group Limited (NASDAQ:WAFU) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 23,185 shares, a decline of 59.3% from the August 31st total of 56,898 shares. Approximately 2.8% of the company’s stock are short sold. Based on an average trading volume of 2,454,694 shares, the days-to-cover ratio is currently 0.0 days.

Wah Fu Education Group Stock Performance

Shares of WAFU stock opened at $1.43 on Wednesday. The stock’s fifty day moving average price is $1.44 and its 200 day moving average price is $1.56. Wah Fu Education Group has a 1-year low of $1.22 and a 1-year high of $3.06.

Wah Fu Education Group (NASDAQ:WAFU) last released its quarterly earnings results on Thursday, July 30th. The company reported ($0.11) EPS for the quarter. The business had revenue of $1.65 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Wah Fu Education Group in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On Wah Fu Education Group

An institutional investor recently bought a new position in Wah Fu Education Group stock. Financial Plan Inc. bought a new position in shares of Wah Fu Education Group Limited (NASDAQ:WAFU) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 19,000 shares of the company’s stock, valued at approximately $29,000. Financial Plan Inc. owned about 0.43% of Wah Fu Education Group at the end of the most recent quarter.

About Wah Fu Education Group

Wah Fu Education Group Limited is an education services company that operates through subsidiaries in China. The company focuses on delivering education and training programs through online and offline channels.

Its services have included online courses, academic support, examination preparation, and vocational or professional training. Wah Fu’s offerings are designed to serve students and adult learners seeking continuing education, skills development, or preparation for educational examinations.

The company was established to provide technology-enabled education services in the Chinese market and has operated primarily in China.