EpicQuest Education Group International Limited (NASDAQ:EEIQ) Sees Significant Growth in Short Interest

EpicQuest Education Group International Limited (NASDAQ:EEIQ) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 18,002 shares, a growth of 63.4% from the August 31st total of 11,014 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily volume of 17,301 shares, the short-interest ratio is currently 1.0 days.

EpicQuest Education Group International Stock Performance

Shares of EEIQ traded down $0.90 during mid-day trading on Thursday, hitting $4.21. The stock had a trading volume of 17,177 shares, compared to its average volume of 839,912. EpicQuest Education Group International has a fifty-two week low of $1.90 and a fifty-two week high of $12.70. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.91 and a quick ratio of 1.91. The company’s fifty day simple moving average is $3.01 and its two-hundred day simple moving average is $3.43.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of EpicQuest Education Group International from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, EpicQuest Education Group International currently has an average rating of “Sell”.

EpicQuest Education Group International Company Profile

EpicQuest Education Group International, Inc (NASDAQ: EEIQ) is an education services company focused on post-secondary education. The company provides academic programs and related student services through educational institutions serving domestic and international students.

EpicQuest has operated U.S.-based higher-education institutions, including Davis College in Johnson City, New York, which offers career-oriented undergraduate programs. The company has also been associated with Bay State College in Boston, Massachusetts, an institution that provided undergraduate and graduate education before ceasing operations.

The company was previously known as Elite Education Group International, Inc and adopted the EpicQuest Education Group International name as part of its broader education-focused strategy.