New Oriental Education & Technology Group Inc. (NYSE:EDU) Short Interest Update

New Oriental Education & Technology Group Inc. (NYSE:EDUGet Free Report) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 4,700,000 shares, a decrease of 11.0% from the February 29th total of 5,280,000 shares. Based on an average daily volume of 1,760,000 shares, the days-to-cover ratio is currently 2.7 days. Approximately 2.8% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EDU. StockNews.com lowered New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Morgan Stanley increased their target price on New Oriental Education & Technology Group from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th.

Check Out Our Latest Research Report on EDU

Institutional Investors Weigh In On New Oriental Education & Technology Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in shares of New Oriental Education & Technology Group by 9.2% during the second quarter. PNC Financial Services Group Inc. now owns 3,575 shares of the company’s stock valued at $141,000 after acquiring an additional 300 shares in the last quarter. Ronald Blue Trust Inc. grew its holdings in New Oriental Education & Technology Group by 16.1% during the third quarter. Ronald Blue Trust Inc. now owns 2,211 shares of the company’s stock worth $129,000 after buying an additional 306 shares in the last quarter. Northern Trust Corp grew its holdings in New Oriental Education & Technology Group by 1.0% during the third quarter. Northern Trust Corp now owns 33,363 shares of the company’s stock worth $1,953,000 after buying an additional 346 shares in the last quarter. Seven Eight Capital LP grew its holdings in New Oriental Education & Technology Group by 4.5% during the second quarter. Seven Eight Capital LP now owns 9,376 shares of the company’s stock worth $370,000 after buying an additional 401 shares in the last quarter. Finally, Profund Advisors LLC grew its holdings in New Oriental Education & Technology Group by 2.6% during the third quarter. Profund Advisors LLC now owns 17,541 shares of the company’s stock worth $1,027,000 after buying an additional 451 shares in the last quarter.

New Oriental Education & Technology Group Price Performance

Shares of New Oriental Education & Technology Group stock traded down $1.33 during midday trading on Tuesday, reaching $86.18. The company had a trading volume of 1,435,710 shares, compared to its average volume of 1,713,038. The stock has a fifty day moving average price of $88.27 and a 200 day moving average price of $75.75. The firm has a market cap of $14.62 billion, a PE ratio of 47.35 and a beta of 0.49. New Oriental Education & Technology Group has a fifty-two week low of $35.70 and a fifty-two week high of $98.20.

New Oriental Education & Technology Group (NYSE:EDUGet Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). New Oriental Education & Technology Group had a return on equity of 7.97% and a net margin of 8.54%. The company had revenue of $869.60 million during the quarter, compared to analyst estimates of $814.01 million. During the same period in the prior year, the firm earned $0.01 earnings per share. New Oriental Education & Technology Group’s revenue was up 36.3% compared to the same quarter last year. As a group, sell-side analysts forecast that New Oriental Education & Technology Group will post 2 EPS for the current year.

About New Oriental Education & Technology Group

(Get Free Report)

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.

Further Reading

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