Classover Holdings, Inc. (NASDAQ:KIDZ) Sees Large Decline in Short Interest

by · The Markets Daily

Classover Holdings, Inc. (NASDAQ:KIDZ – Get Free Report) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 127,695 shares, a decline of 58.2% from the May 31st total of 305,635 shares. Based on an average daily volume of 1,704,406 shares, the days-to-cover ratio is currently 0.1 days. Approximately 16.5% of the shares of the company are short sold.

Analyst Ratings Changes

KIDZ has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Classover from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 4th. Wall Street Zen downgraded shares of Classover from a “hold” rating to a “strong sell” rating in a research report on Saturday, April 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on KIDZ

Classover Price Performance

Shares of KIDZ stock traded down $0.04 during mid-day trading on Tuesday, hitting $0.68. 157,981 shares of the stock traded hands, compared to its average volume of 700,072. Classover has a twelve month low of $0.63 and a twelve month high of $1,870.00. The firm has a market cap of $538,332.00, a price-to-earnings ratio of -0.01 and a beta of -0.83. The company’s 50-day simple moving average is $5.11 and its 200-day simple moving average is $46.91. 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 (NASDAQ:KIDZ – Get Free Report) last announced its quarterly earnings data on Friday, May 15th. The company reported ($3,656,370.00) earnings per share for the quarter. Classover had a negative net margin of 356.34% and a negative return on equity of 281.13%. The firm had revenue of $0.52 million during the quarter.

Institutional Investors Weigh In On Classover

A hedge fund recently bought a new position in Classover stock. Sandia Investment Management LP acquired a new stake in shares of Classover Holdings, Inc. (NASDAQ:KIDZ – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 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 owned by institutional investors and hedge funds.

About Classover

(Get Free Report)

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.

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