New Oriental Education & Tech Grp (EDU) Short Interest Update

New Oriental Education & Tech Grp (NYSE:EDU) saw a large increase in short interest during the month of July. As of July 13th, there was short interest totalling 1,660,326 shares, an increase of 36.6% from the June 29th total of 1,215,316 shares. Based on an average trading volume of 891,738 shares, the short-interest ratio is currently 1.9 days.

A number of analysts have commented on the stock. ValuEngine downgraded shares of New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. CLSA downgraded shares of New Oriental Education & Tech Grp from an “outperform” rating to an “underperform” rating in a report on Thursday, May 24th. JPMorgan Chase & Co. upgraded shares of New Oriental Education & Tech Grp from a “neutral” rating to an “overweight” rating in a report on Thursday, July 26th. Finally, Zacks Investment Research upgraded shares of New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Tuesday, April 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. New Oriental Education & Tech Grp presently has an average rating of “Hold” and an average target price of $104.86.

EDU stock opened at $84.28 on Friday. The stock has a market capitalization of $12.27 billion, a price-to-earnings ratio of 45.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.29. New Oriental Education & Tech Grp has a 12 month low of $74.66 and a 12 month high of $108.40.

New Oriental Education & Tech Grp (NYSE:EDU) last released its quarterly earnings data on Tuesday, July 24th. The company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. The company had revenue of $701.00 million during the quarter, compared to the consensus estimate of $672.44 million. New Oriental Education & Tech Grp had a net margin of 12.10% and a return on equity of 14.79%. New Oriental Education & Tech Grp’s quarterly revenue was up 44.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 EPS. equities research analysts expect that New Oriental Education & Tech Grp will post 2.58 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of EDU. Atlas Capital Advisors LLC purchased a new stake in shares of New Oriental Education & Tech Grp in the 2nd quarter valued at approximately $187,000. Dupont Capital Management Corp purchased a new stake in shares of New Oriental Education & Tech Grp in the 1st quarter valued at approximately $201,000. Natixis purchased a new stake in shares of New Oriental Education & Tech Grp in the 1st quarter valued at approximately $222,000. Flow Traders U.S. LLC purchased a new stake in shares of New Oriental Education & Tech Grp in the 1st quarter valued at approximately $231,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of New Oriental Education & Tech Grp in the 1st quarter valued at approximately $240,000. 86.40% of the stock is owned by institutional investors and hedge funds.

About New Oriental Education & Tech Grp

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 Language Training and Test Preparation, Primary and Secondary School Education, Online Education, Content Development and Distribution, Pre-School Education, Overseas Study Consulting Services, and Study Tour segments.

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