New Oriental Education & Tech Grp (NYSE:EDU) Short Interest Down 14.9% in January

New Oriental Education & Tech Grp (NYSE:EDU) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 1,830,000 shares, a drop of 14.9% from the January 15th total of 2,150,000 shares. Based on an average trading volume of 1,020,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.2% of the shares of the stock are sold short.

A number of large investors have recently made changes to their positions in EDU. BlackRock Inc. grew its stake in shares of New Oriental Education & Tech Grp by 1.3% during the second quarter. BlackRock Inc. now owns 8,823,842 shares of the company’s stock worth $852,207,000 after buying an additional 114,755 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of New Oriental Education & Tech Grp by 13.6% during the fourth quarter. UBS Asset Management Americas Inc. now owns 4,684,442 shares of the company’s stock worth $567,989,000 after buying an additional 561,547 shares during the last quarter. Genesis Investment Management LLP bought a new stake in shares of New Oriental Education & Tech Grp during the third quarter worth $453,323,000. Schroder Investment Management Group grew its stake in shares of New Oriental Education & Tech Grp by 0.9% during the fourth quarter. Schroder Investment Management Group now owns 3,861,538 shares of the company’s stock worth $468,212,000 after buying an additional 35,572 shares during the last quarter. Finally, FMR LLC grew its stake in shares of New Oriental Education & Tech Grp by 8.2% during the fourth quarter. FMR LLC now owns 3,673,752 shares of the company’s stock worth $445,443,000 after buying an additional 277,168 shares during the last quarter. 86.16% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on EDU. ValuEngine cut shares of New Oriental Education & Tech Grp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 4th. Benchmark lifted their price objective on shares of New Oriental Education & Tech Grp from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Macquarie lifted their price objective on shares of New Oriental Education & Tech Grp from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Zacks Investment Research raised shares of New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating and set a $147.00 price objective on the stock in a research note on Thursday, January 9th. Finally, Nomura lifted their price objective on shares of New Oriental Education & Tech Grp from to and gave the company a “buy” rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. New Oriental Education & Tech Grp has an average rating of “Buy” and a consensus price target of $135.87.

NYSE:EDU traded up $2.68 during mid-day trading on Friday, reaching $141.53. The stock had a trading volume of 889,500 shares, compared to its average volume of 1,628,381. The stock has a 50-day simple moving average of $130.17 and a two-hundred day simple moving average of $118.33. The stock has a market capitalization of $21.34 billion, a PE ratio of 55.94 and a beta of 1.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.47 and a quick ratio of 1.46. New Oriental Education & Tech Grp has a 12 month low of $73.63 and a 12 month high of $142.38.

New Oriental Education & Tech Grp (NYSE:EDU) last announced its quarterly earnings data on Monday, January 20th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.16. The business had revenue of $785.21 million for the quarter. New Oriental Education & Tech Grp had a net margin of 11.53% and a return on equity of 16.26%. During the same period last year, the business earned $0.14 earnings per share. Equities analysts expect that New Oriental Education & Tech Grp will post 3.14 EPS for the current year.

About New Oriental Education & Tech Grp

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. It operates through Language Training and Test Preparation Courses, and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to achieve better scores on entrance exams for admission into high schools or higher education institutions, as well as for children to teach English.

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