Bright Scholar Education Holdings Limited (NYSE:BEDU) Sees Large Growth in Short Interest

Bright Scholar Education Holdings Limited (NYSE:BEDU) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 6,500 shares, a growth of 622.2% from the December 15th total of 900 shares. Based on an average daily trading volume, of 9,500 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the shares of the stock are short sold.

Bright Scholar Education Stock Up 0.3 %

BEDU traded up $0.01 during trading on Wednesday, hitting $1.80. The company’s stock had a trading volume of 2,921 shares, compared to its average volume of 6,580. The firm’s 50 day moving average price is $1.81 and its two-hundred day moving average price is $1.92. Bright Scholar Education has a 12 month low of $1.35 and a 12 month high of $3.23. The stock has a market capitalization of $53.36 million, a price-to-earnings ratio of -0.38 and a beta of 0.40.

About Bright Scholar Education

Bright Scholar Education Holdings Limited, an education service provider, operates and provides K-12 schools and complementary education services in China, Hong Kong, Canada, the United States, and the United Kingdom. The company operates in three segments: Overseas Schools; Complementary Education Services; and Domestic Kindergartens and K-12 Operation Services.