Tarena International Inc (NASDAQ:TEDU) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 331,600 shares, a decrease of 35.8% from the July 31st total of 516,500 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 412,300 shares, the short-interest ratio is presently 0.8 days.
Separately, ValuEngine raised Tarena International from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. Tarena International currently has an average rating of “Hold” and a consensus price target of $6.90.
Shares of NASDAQ TEDU traded up $0.04 during trading on Friday, reaching $1.33. 8,518 shares of the stock traded hands, compared to its average volume of 104,028. Tarena International has a 52-week low of $0.91 and a 52-week high of $9.30. The company has a 50-day moving average of $1.30 and a 200-day moving average of $3.49. The stock has a market capitalization of $72.41 million, a P/E ratio of -0.85 and a beta of 0.61.
Several hedge funds and other institutional investors have recently modified their holdings of TEDU. Prudential PLC lifted its position in shares of Tarena International by 46.2% during the 2nd quarter. Prudential PLC now owns 532,989 shares of the business services provider’s stock valued at $1,599,000 after buying an additional 168,542 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Tarena International by 10.0% during the 2nd quarter. Renaissance Technologies LLC now owns 656,307 shares of the business services provider’s stock valued at $1,641,000 after buying an additional 59,807 shares during the last quarter. Finally, Davis Selected Advisers lifted its position in shares of Tarena International by 0.5% during the 2nd quarter. Davis Selected Advisers now owns 4,887,670 shares of the business services provider’s stock valued at $12,219,000 after buying an additional 24,758 shares during the last quarter. 25.14% of the stock is currently owned by hedge funds and other institutional investors.
About Tarena International
Tarena International, Inc, through its subsidiaries, provides professional education services through full-time and part-time classes in the People's Republic of China. It offers education courses in 13 information technology (IT) subjects, such as Java, .NET, C++, software testing, embedded, PHP, Android, iOS, Linux and network engineering, Big Data, Web front-end development, VR/AR, and Python; and 3 non-IT subjects, including digital art, online sales and marketing, and accounting through live distance instruction, classroom-based tutoring, and online learning modules.
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