Short Interest in Classover Holdings, Inc. (NASDAQ:KIDZ) Grows By 622.3%

Classover Holdings, Inc. (NASDAQ:KIDZ) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 404,511 shares, a growth of 622.3% from the July 15th total of 56,006 shares. Based on an average daily trading volume, of 51,991,336 shares, the days-to-cover ratio is currently 0.0 days. Currently, 52.3% of the shares of the stock are short sold.

Classover Price Performance

Shares of NASDAQ KIDZ traded down $0.01 during trading on Wednesday, hitting $0.28. The company had a trading volume of 781,006 shares, compared to its average volume of 6,419,847. The company has a market cap of $219,938.00, a P/E ratio of -0.00 and a beta of -0.66. Classover has a 52 week low of $0.27 and a 52 week high of $1,460.00. The business’s 50-day moving average is $1.00 and its 200 day moving average is $22.86. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.94 and a current ratio of 0.94.

Classover’s stock is set to reverse split on Thursday, August 13th. The 1-15 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, August 12th.

Classover (NASDAQ:KIDZ) last released its quarterly earnings data on Friday, May 15th. The company reported ($3,656,370.00) earnings per share for the quarter. The company had revenue of $0.52 million for the quarter. Classover had a negative return on equity of 281.13% and a negative net margin of 356.34%.

Hedge Funds Weigh In On Classover

An institutional investor recently bought a new stake in Classover stock. Sandia Investment Management LP purchased a new position in Classover Holdings, Inc. (NASDAQ:KIDZ) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 90,000 shares of the company’s stock, valued at approximately $265,000. Sandia Investment Management LP owned approximately 0.38% of Classover at the end of the most recent quarter. 74.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Classover from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Classover Company Profile

Classover is an online enrichment program in Manhattan, New York that offers over 20 courses taught by certified instructors. It caters to children aged 4 to 17, providing personalized attention and a supportive learning environment. Classover is recognized worldwide by over 20,000 parents and children in more than 34 countries. Classover’s proprietary course platform app provides exclusive benefits to students, including access to class schedules, remaining class credits, and class history. As an official test center for the Math Kangaroo Competition and other high-value competition channels, Classover is certified to provide high-quality teaching services to help students improve their academic performance.