Wah Fu Education Group Limited (NASDAQ:WAFU) Sees Large Decline in Short Interest

Wah Fu Education Group Limited (NASDAQ:WAFU) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 1,600 shares, a decrease of 86.0% from the August 15th total of 11,400 shares. Based on an average daily trading volume, of 24,700 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Wah Fu Education Group stock. Renaissance Technologies LLC bought a new position in shares of Wah Fu Education Group Limited (NASDAQ:WAFU) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,700 shares of the company’s stock, valued at approximately $33,000. Renaissance Technologies LLC owned about 0.33% of Wah Fu Education Group at the end of the most recent quarter. Institutional investors and hedge funds own 0.33% of the company’s stock.

Wah Fu Education Group Stock Performance

Shares of WAFU opened at $2.23 on Friday. Wah Fu Education Group has a 12 month low of $1.82 and a 12 month high of $4.88. The firm has a fifty day simple moving average of $2.15 and a 200 day simple moving average of $2.15.

About Wah Fu Education Group

Wah Fu Education Group Limited, through its subsidiaries, provides online exam preparation services and related technology solutions in the People's Republic of China. The company operates through 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.