Wah Fu Education Group Ltd (NASDAQ:WAFU) Sees Significant Drop in Short Interest

Wah Fu Education Group Ltd (NASDAQ:WAFU) saw a significant decline in short interest in February. As of February 14th, there was short interest totalling 7,000 shares, a decline of 93.9% from the January 30th total of 114,000 shares. Based on an average trading volume of 263,600 shares, the short-interest ratio is currently 0.0 days. Approximately 0.6% of the company’s stock are sold short.

Separately, ValuEngine upgraded shares of Wah Fu Education Group from a “hold” rating to a “buy” rating in a report on Thursday, February 20th.

WAFU stock traded up $0.17 during mid-day trading on Wednesday, reaching $2.34. 225,200 shares of the company traded hands, compared to its average volume of 285,153. The firm’s 50 day moving average price is $2.22 and its 200 day moving average price is $2.34. Wah Fu Education Group has a fifty-two week low of $1.17 and a fifty-two week high of $6.24.

About Wah Fu Education Group

Wah Fu Education Group Limited, through its subsidiaries, provides online exam preparation services and related technology solutions in China. It operates in two segments, Online Education Services; and Technological Development and Operation Services. The Online Education Services segment offers online education platforms to institutions, such as universities and training institutions, and online course development service companies.

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