Golden Sun Health Technology Group Limited (NASDAQ:GSUN) Shares Shorted: Short Interest Up 64.8% in October

Golden Sun Health Technology Group Limited (NASDAQ:GSUN) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 1,223,239 shares, an increase of 64.8% from the September 30th total of 742,284 shares. Based on an average trading volume of 1,690,773 shares, the days-to-cover ratio is presently 0.7 days. Currently, 22.9% of the company’s stock are sold short.

Golden Sun Health Technology Group Stock Performance

GSUN opened at $0.17 on Tuesday. The company has a 50-day moving average of $0.23 and a 200-day moving average of $0.51. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 1.02. Golden Sun Health Technology Group has a 1-year low of $0.17 and a 1-year high of $2.33.

Golden Sun Health Technology Group (NASDAQ:GSUN) last posted its quarterly earnings results on Thursday, August 20th. The company reported ($0.20) EPS for the quarter. The company had revenue of $10.78 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Golden Sun Health Technology Group in a report on Thursday, October 15th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has an average rating of “Sell”.

About Golden Sun Health Technology Group

Golden Sun Health Technology Group Limited is a China-based education services company. Through its operating subsidiaries, the company has provided academic tutoring and related educational services to primary and secondary school students, with activities focused primarily in Shanghai.

Its services have included K-12 after-school tutoring, foreign-language instruction, overseas study consulting and other education-related support. The company has also offered education technology and training services designed to supplement students’ formal schooling and assist families pursuing international education opportunities.

Golden Sun Health Technology Group was formerly known as Golden Sun Education Group Limited.