Sunlands Technology Group Sponsored ADR (NYSE:STG) Stock Short Interest Climbs 63.3%

Sunlands Technology Group Sponsored ADR (NYSE:STG) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 26,889 shares, a growth of 63.3% from the August 31st total of 16,470 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,213 shares, the short-interest ratio is currently 3.3 days.

Sunlands Technology Group Price Performance

Sunlands Technology Group stock traded down $0.03 during trading hours on Thursday, hitting $2.85. The company had a trading volume of 484 shares, compared to its average volume of 163,946. Sunlands Technology Group has a fifty-two week low of $2.43 and a fifty-two week high of $8.53. The firm has a market capitalization of $38.11 million, a P/E ratio of 0.82 and a beta of 1.35. The firm’s fifty day moving average is $3.11 and its 200-day moving average is $3.42.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Sunlands Technology Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, September 3rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

About Sunlands Technology Group

Sunlands Technology Group, formerly known as Sunlands Online Education Group, is a China-based online education company. The company provides education and learning services primarily to adult students through digital platforms, supporting flexible access to courses and instructional content.

Sunlands’ offerings have included preparation programs for professional certification examinations, vocational and career-development courses, and other educational programs designed to help learners improve their professional knowledge and skills.