Hailiang Education Group Inc (NASDAQ:HLG) Short Interest Up 40.0% in September

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Hailiang Education Group Inc (NASDAQ:HLG) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 9,100 shares, a growth of 40.0% from the September 15th total of 6,500 shares. Based on an average trading volume of 4,800 shares, the days-to-cover ratio is currently 1.9 days.

Separately, BidaskClub upgraded Hailiang Education Group from a “hold” rating to a “buy” rating in a report on Wednesday.

A hedge fund recently raised its stake in Hailiang Education Group stock. State Street Corp boosted its stake in shares of Hailiang Education Group Inc (NASDAQ:HLG) by 42.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,707 shares of the company’s stock after purchasing an additional 1,398 shares during the quarter. State Street Corp’s holdings in Hailiang Education Group were worth $280,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.79% of the company’s stock.

Shares of NASDAQ HLG traded up $0.51 during trading on Friday, reaching $60.29. The stock had a trading volume of 7,412 shares, compared to its average volume of 5,633. Hailiang Education Group has a one year low of $31.85 and a one year high of $75.43. The firm’s 50 day moving average price is $49.12 and its two-hundred day moving average price is $47.47.

About Hailiang Education Group

Hailiang Education Group Inc, through its subsidiaries, provides K-12 educational services in the People's Republic of China. The company operates six affiliated schools that include Hailiang Primary School, Hailiang Junior Middle School, Hailiang Senior Middle School, Hailiang High School of Art, Hailiang Experimental High School, and Hailiang Foreign Language School; and sixteen managed schools.

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