Wah Fu Education Group Limited (NASDAQ:WAFU) Sees Significant Increase in Short Interest

Wah Fu Education Group Limited (NASDAQ:WAFU) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 181,762 shares, a growth of 2,769.6% from the July 30th total of 6,334 shares. Based on an average daily volume of 5,391,529 shares, the days-to-cover ratio is presently 0.0 days. Approximately 22.2% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Wah Fu Education Group in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Wah Fu Education Group

A hedge fund recently bought a new position in Wah Fu Education Group stock. Financial Plan Inc. purchased a new stake in Wah Fu Education Group Limited (NASDAQ:WAFU) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 19,000 shares of the company’s stock, valued at approximately $29,000. Financial Plan Inc. owned 0.43% of Wah Fu Education Group at the end of the most recent reporting period.

Wah Fu Education Group Stock Performance

Wah Fu Education Group stock opened at $1.32 on Thursday. Wah Fu Education Group has a 12 month low of $1.22 and a 12 month high of $3.39. The business has a 50 day simple moving average of $1.52 and a 200-day simple moving average of $1.61.

Wah Fu Education Group (NASDAQ:WAFU) last issued its quarterly earnings results on Thursday, July 30th. The company reported ($0.11) EPS for the quarter. The company had revenue of $1.65 million for the quarter.

Wah Fu Education Group Company Profile

Wah Fu Education Group (NASDAQ: WAFU) is a postsecondary vocational education provider in the People’s Republic of China, offering a range of career-oriented diploma and certificate programs. Through its network of licensed vocational schools, the company focuses on equipping students with practical skills in areas such as nursing, early childhood education, digital media, business administration and information technology. Wah Fu’s curriculum blends classroom instruction with hands-on training, aiming to meet the needs of local employers in sectors experiencing growth and skills shortages.

Founded in the early 2000s, Wah Fu has steadily expanded its footprint across Fujian Province, operating multiple campuses in cities including Xiamen, Fuzhou and Quanzhou.