EpicQuest Education Group International Limited (NASDAQ:EEIQ) Sees Significant Decline in Short Interest

EpicQuest Education Group International Limited (NASDAQ:EEIQ) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 9,463 shares, a decline of 45.6% from the September 30th total of 17,381 shares. Based on an average trading volume of 14,877 shares, the short-interest ratio is currently 0.6 days. Approximately 0.7% of the shares of the stock are short sold.

EpicQuest Education Group International Stock Performance

NASDAQ:EEIQ traded down $0.04 during trading hours on Friday, reaching $4.15. The company had a trading volume of 9,977 shares, compared to its average volume of 9,749. The stock has a 50-day moving average of $4.03 and a two-hundred day moving average of $3.54. EpicQuest Education Group International has a one year low of $1.90 and a one year high of $12.70. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.91 and a current ratio of 1.91.

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 research note on Friday, October 23rd. One analyst has rated the stock with a Sell rating. According to MarketBeat, EpicQuest Education Group International has a consensus 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 institutions in North America. The company provides career-oriented educational programs and related student services through its portfolio of colleges.

EpicQuest’s education offerings include academic and vocational programs designed to serve domestic and international students. Its institutions have offered programs in areas such as business, healthcare and other career-focused disciplines, along with English-language and student-support services where applicable.

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