EpicQuest Education Group International Limited (NASDAQ:EEIQ) Stock Short Interest Rises 63.4%

EpicQuest Education Group International Limited (NASDAQ:EEIQ) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 18,002 shares, a growth of 63.4% from the August 31st total of 11,014 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily volume of 17,301 shares, the days-to-cover ratio is presently 1.0 days.

EpicQuest Education Group International Price Performance

EEIQ stock traded down $0.39 during midday trading on Wednesday, hitting $5.21. 27,113 shares of the stock were exchanged, compared to its average volume of 844,303. The stock’s 50-day moving average price is $2.96 and its 200-day moving average price is $3.41. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.91 and a current ratio of 1.91. EpicQuest Education Group International has a fifty-two week low of $1.90 and a fifty-two week high of $12.70.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of EpicQuest Education Group International from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, EpicQuest Education Group International currently has an average rating of “Sell”.

EpicQuest Education Group International Company Profile

EpicQuest Education Group International, Inc (NASDAQ: EEIQ) is an education services company focused on post-secondary education. The company provides academic programs and related student services through educational institutions serving domestic and international students.

EpicQuest has operated U.S.-based higher-education institutions, including Davis College in Johnson City, New York, which offers career-oriented undergraduate programs. The company has also been associated with Bay State College in Boston, Massachusetts, an institution that provided undergraduate and graduate education before ceasing operations.

The company was previously known as Elite Education Group International, Inc and adopted the EpicQuest Education Group International name as part of its broader education-focused strategy.