Short Interest in First High-School Education Group Co., Ltd. (NYSE:FHS) Expands By 609.7%

First High-School Education Group Co., Ltd. (NYSE:FHS) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 51,100 shares, a growth of 609.7% from the September 15th total of 7,200 shares. Based on an average daily volume of 204,800 shares, the short-interest ratio is presently 0.2 days.

Several hedge funds have recently modified their holdings of FHS. Point72 Hong Kong Ltd purchased a new stake in shares of First High-School Education Group during the 1st quarter worth about $85,000. Virtu Financial LLC acquired a new stake in First High-School Education Group in the 1st quarter valued at about $87,000. Finally, Citadel Advisors LLC acquired a new stake in First High-School Education Group in the 2nd quarter valued at about $141,000. 0.13% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE FHS traded up $0.09 during trading hours on Thursday, reaching $2.94. The stock had a trading volume of 10 shares, compared to its average volume of 183,128. The business’s fifty day moving average price is $3.63 and its two-hundred day moving average price is $5.45. First High-School Education Group has a 52-week low of $2.63 and a 52-week high of $9.90.

Separately, Benchmark reduced their target price on First High-School Education Group from $11.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, September 30th.

First High-School Education Group Company Profile

First High-School Education Group Co, Ltd. operates private high schools in Western China. It provides private fundamental education and complementary education services, including middle and high school, and tutorial school. As of December 31, 2020, it operated a network of 19 schools located in Yunnan province, Guizhou province, Inner Mongolia Autonomous Region, and Shanxi Province, which offers 14 high school programs, seven middle school programs, and four tutorial school programs for Gaokao repeaters.

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