Wah Fu Education Group Ltd (NASDAQ:WAFU) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totalling 88,700 shares, an increase of 778.2% from the June 30th total of 10,100 shares. Currently, 7.5% of the company’s shares are short sold. Based on an average trading volume of 1,610,000 shares, the short-interest ratio is currently 0.1 days.
Separately, ValuEngine lowered Wah Fu Education Group from a “buy” rating to a “hold” rating in a report on Thursday, June 11th.
WAFU stock opened at $5.35 on Friday. The business’s 50-day moving average price is $5.57 and its two-hundred day moving average price is $2.82. Wah Fu Education Group has a 1-year low of $1.17 and a 1-year high of $15.39.
About Wah Fu Education Group
Wah Fu Education Group Limited, through its subsidiaries, provides online exam preparation services and related technology solutions in China. It operates in two segments, Online Education Services; and Technological Development and Operation Services. The Online Education Services segment offers online education platforms to institutions, such as universities and training institutions, and online course development service companies.
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