Short Interest in New Oriental Education & Technology Group Inc. (NYSE:EDU) Rises By 19.2%

New Oriental Education & Technology Group Inc. (NYSE:EDU) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 6,780,000 shares, an increase of 19.2% from the November 30th total of 5,690,000 shares. Based on an average daily trading volume, of 1,910,000 shares, the short-interest ratio is currently 3.5 days. Approximately 4.3% of the shares of the company are short sold.

New Oriental Education & Technology Group Stock Down 1.2 %

Shares of EDU stock traded down $0.75 during mid-day trading on Friday, reaching $63.20. The stock had a trading volume of 950,516 shares, compared to its average volume of 1,830,517. The firm’s 50 day simple moving average is $61.00 and its 200 day simple moving average is $67.14. The firm has a market cap of $10.72 billion, a PE ratio of 27.01 and a beta of 0.46. New Oriental Education & Technology Group has a one year low of $54.00 and a one year high of $98.20.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.27. New Oriental Education & Technology Group had a net margin of 8.38% and a return on equity of 9.43%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the company earned $0.99 earnings per share. The business’s revenue was up 30.5% compared to the same quarter last year. Sell-side analysts forecast that New Oriental Education & Technology Group will post 2.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Morgan Stanley set a $83.00 target price on shares of New Oriental Education & Technology Group in a research report on Thursday, October 17th. StockNews.com upgraded shares of New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th.

Institutional Trading of New Oriental Education & Technology Group

Several institutional investors have recently bought and sold shares of the stock. Farallon Capital Management LLC boosted its position in New Oriental Education & Technology Group by 139.0% in the second quarter. Farallon Capital Management LLC now owns 1,469,590 shares of the company’s stock valued at $114,231,000 after buying an additional 854,590 shares in the last quarter. Fiera Capital Corp raised its stake in shares of New Oriental Education & Technology Group by 19.8% in the third quarter. Fiera Capital Corp now owns 51,371 shares of the company’s stock valued at $3,896,000 after acquiring an additional 8,499 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of New Oriental Education & Technology Group by 3.4% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 592,564 shares of the company’s stock worth $44,940,000 after acquiring an additional 19,401 shares in the last quarter. Monolith Management Ltd bought a new stake in New Oriental Education & Technology Group during the 3rd quarter worth approximately $15,168,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in New Oriental Education & Technology Group by 12.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 99,858 shares of the company’s stock valued at $7,573,000 after purchasing an additional 11,423 shares in the last quarter.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People’s Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.