TAL Education Group (TAL) Sees Significant Growth in Short Interest
TAL Education Group (NYSE:TAL) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 27,922,859 shares, a growth of 30.4% from the January 15th total of 21,417,911 shares. Based on an average daily trading volume, of 5,804,893 shares, the days-to-cover ratio is presently 4.8 days.
A number of research firms have issued reports on TAL. ValuEngine upgraded TAL Education Group from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. Citigroup upgraded TAL Education Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 9th. Zacks Investment Research upgraded TAL Education Group from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Tuesday, January 29th. Nomura cut their target price on TAL Education Group from $39.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, October 26th. Finally, TheStreet upgraded TAL Education Group from a “c+” rating to a “b-” rating in a research note on Friday, January 25th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. TAL Education Group currently has an average rating of “Buy” and an average price target of $41.20.
TAL stock opened at $33.29 on Thursday. The firm has a market capitalization of $18.31 billion, a price-to-earnings ratio of 97.91 and a beta of 0.06. TAL Education Group has a 1 year low of $21.08 and a 1 year high of $47.63.
Several hedge funds and other institutional investors have recently modified their holdings of TAL. Morgan Stanley raised its stake in shares of TAL Education Group by 29.5% during the third quarter. Morgan Stanley now owns 42,394,504 shares of the company’s stock valued at $1,089,963,000 after purchasing an additional 9,662,071 shares in the last quarter. FMR LLC raised its stake in shares of TAL Education Group by 123.7% during the second quarter. FMR LLC now owns 8,831,042 shares of the company’s stock valued at $324,982,000 after purchasing an additional 4,882,800 shares in the last quarter. Discovery Value Fund bought a new stake in shares of TAL Education Group during the fourth quarter valued at about $56,212,000. Franklin Resources Inc. raised its stake in shares of TAL Education Group by 52.3% during the third quarter. Franklin Resources Inc. now owns 6,102,841 shares of the company’s stock valued at $156,903,000 after purchasing an additional 2,095,054 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of TAL Education Group during the third quarter valued at about $46,618,000. Institutional investors and hedge funds own 55.24% of the company’s stock.
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TAL Education Group Company Profile
TAL Education Group, through its subsidiaries, provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.
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