Sunlands Technology Group (NYSE:STG) Sees Significant Drop in Short Interest

Sunlands Technology Group (NYSE:STG) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 24,200 shares, a decline of 18.0% from the February 28th total of 29,500 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 7,100 shares, the days-to-cover ratio is presently 3.4 days.

Sunlands Technology Group Trading Up 3.6 %

STG opened at $5.53 on Thursday. The stock has a market capitalization of $75.88 million, a PE ratio of 1.23 and a beta of 1.05. Sunlands Technology Group has a one year low of $4.25 and a one year high of $11.06. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09. The business’s 50 day moving average price is $6.19 and its 200 day moving average price is $6.44.

Sunlands Technology Group (NYSE:STG) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.59 EPS for the quarter. The business had revenue of $66.24 million for the quarter. Sunlands Technology Group had a return on equity of 103.50% and a net margin of 21.47%.

About Sunlands Technology Group

Sunlands Technology Group, through its subsidiaries, provides online education services through online and mobile platforms in the People's Republic of China. It offers various degree- and diploma-oriented post-secondary courses, including preparation courses for the self-taught higher education examination (STE) for learners pursuing associate diplomas or bachelor's degrees, as well as for the entrance examinations of Master of Business Administration programs.