Cogna Educação S.A. (OTCMKTS:COGNY) Sees Significant Increase in Short Interest
Cogna Educação S.A. (OTCMKTS:COGNY) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 67,800 shares, a growth of 76.6% from the September 15th total of 38,400 shares. Based on an average daily trading volume, of 144,800 shares, the days-to-cover ratio is currently 0.5 days.
Cogna Educação stock opened at $0.89 on Friday. Cogna Educação has a twelve month low of $0.64 and a twelve month high of $3.07. The stock has a 50 day moving average of $1.03.
A number of analysts have recently weighed in on COGNY shares. JPMorgan Chase & Co. downgraded shares of Cogna Educação from a “neutral” rating to an “underweight” rating in a research report on Monday, October 5th. Goldman Sachs Group started coverage on shares of Cogna Educação in a report on Tuesday, August 25th. They issued a “neutral” rating on the stock.
Cogna EducaÃ§Ã£o SA operates as a private educational organization in Brazil and internationally. The company operates through three segments: In-Class Higher Education, Distance Learning Higher Education, and Basic Education. It offers in-class and distance-learning higher education, and undergraduate and graduate courses; publishes, sells, and distributes textbooks, support materials, and workbooks with educational, literary, and informative content and teaching systems; and educational solutions for professional and higher education, and other supplementary activities, such as developing education technology with management and other education services.
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