EpicQuest Education Group International Limited (NASDAQ:EEIQ) Stock Short Interest Drops 45.6%

EpicQuest Education Group International Limited (NASDAQ:EEIQ) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 9,463 shares, a drop of 45.6% from the September 30th total of 17,381 shares. Based on an average daily trading volume, of 14,877 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.7% of the shares of the company are short sold.

EpicQuest Education Group International Stock Up 4.7%

NASDAQ EEIQ traded up $0.20 during mid-day trading on Monday, reaching $4.32. 9,977 shares of the stock were exchanged, compared to its average volume of 8,158. The business’s 50 day moving average is $4.03 and its 200-day moving average is $3.54. EpicQuest Education Group International has a 1 year low of $1.90 and a 1 year high of $12.70. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.91 and a current ratio of 1.91.

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 report on Friday, October 23rd. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, EpicQuest Education Group International currently has a consensus rating of “Sell”.

About EpicQuest Education Group International

EpicQuest Education Group International Inc (NASDAQ: EEIQ) is an education services company focused on post-secondary institutions in North America. The company provides career-oriented educational programs and related student services through its portfolio of colleges.

EpicQuest’s education offerings include academic and vocational programs designed to serve domestic and international students. Its institutions have offered programs in areas such as business, healthcare and other career-focused disciplines, along with English-language and student-support services where applicable.

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