Wah Fu Education Group Limited (NASDAQ:WAFU) Sees Significant Decline in Short Interest

Wah Fu Education Group Limited (NASDAQ:WAFU) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 9,524 shares, a decline of 41.1% from the May 14th total of 16,159 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 5,646 shares, the days-to-cover ratio is currently 1.7 days.

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. acquired a new stake in Wah Fu Education Group Limited (NASDAQ:WAFU) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 19,000 shares of the company’s stock, valued at approximately $29,000. Financial Plan Inc. owned approximately 0.43% of Wah Fu Education Group at the end of the most recent reporting period.

Wah Fu Education Group Stock Performance

WAFU opened at $1.66 on Wednesday. The business has a fifty day simple moving average of $1.65 and a 200 day simple moving average of $1.66. Wah Fu Education Group has a 1 year low of $1.30 and a 1 year high of $3.39.

Wah Fu Education Group (NASDAQ:WAFU) last released its quarterly earnings results on Monday, March 30th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $1.53 million during the quarter.

Wah Fu Education Group Company Profile

Wah Fu Education Group (NASDAQ: WAFU) is a postsecondary vocational education provider in the People’s Republic of China, offering a range of career-oriented diploma and certificate programs. Through its network of licensed vocational schools, the company focuses on equipping students with practical skills in areas such as nursing, early childhood education, digital media, business administration and information technology. Wah Fu’s curriculum blends classroom instruction with hands-on training, aiming to meet the needs of local employers in sectors experiencing growth and skills shortages.

Founded in the early 2000s, Wah Fu has steadily expanded its footprint across Fujian Province, operating multiple campuses in cities including Xiamen, Fuzhou and Quanzhou.