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New Oriental Education & Technology Group Inc. (NYSE:EDU) Sees Large Decrease in Short Interest
Technology

New Oriental Education & Technology Group Inc. (NYSE:EDU) Sees Large Decrease in Short Interest

New Oriental Education & Technology Group Inc. (NYSE:EDU - Get Rating) was the recipient of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 7,280,000 shares, a drop of 12.8% from the October 31st total of 8,350,000 shares. Based on an average daily volume of 2,130,000 shares, the short-interest ratio is presently 3.4 days. Approximately 4.5% of the company's shares are sold short. Analysts Set New Price TargetsA number of research analysts recently issued reports on EDU shares. StockNews.com started coverage on shares of New Oriental Education & Technology Group in a research report on Wednesday, October 12th. They set a "hold" rating for the company. TheStreet cut shares of New Oriental Education & Technology...