Aspen Group, Inc. (NASDAQ:ASPU – Get Rating) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 58,000 shares, a drop of 25.8% from the February 28th total of 78,200 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 790,200 shares, the days-to-cover ratio is currently 0.1 days.
Wall Street Analyst Weigh In
Separately, B. Riley dropped their target price on shares of Aspen Group from $3.00 to $1.50 in a report on Monday, December 12th.
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Shares of NASDAQ:ASPU traded down $0.01 on Wednesday, hitting $0.13. 146,151 shares of the company were exchanged, compared to its average volume of 846,648. The company's 50 day moving average price is $0.21 and its two-hundred day moving average price is $0.32. Aspen Group has a one year low of $0.10 and a one year high of $1.80. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market capitalization of $3.16 million, a price-to-earnings ratio of -0.28 and a beta of 1.42.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. bought a new position in shares of Aspen Group during the 3rd quarter worth about $30,000. Millennium Management LLC bought a new position in shares of Aspen Group during the 2nd quarter worth about $31,000. Levin Capital Strategies L.P. bought a new position in shares of Aspen Group during the 4th quarter worth about $46,000. Renaissance Technologies LLC increased its holdings in shares of Aspen Group by 470.1% during the 2nd quarter. Renaissance Technologies LLC now owns 63,277 shares of the technology company's stock worth $62,000 after purchasing an additional 52,177 shares during the period. Finally, Cruiser Capital Advisors LLC increased its holdings in shares of Aspen Group by 45.2% during the 1st quarter. Cruiser Capital Advisors LLC now owns 57,799 shares of the technology company's stock worth $94,000 after purchasing an additional 18,006 shares during the period. Institutional investors own 32.85% of the company's stock.
Aspen Group Company Profile
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Aspen Group, Inc is a holding company, which engages in the provision of education. It offers certificate programs and associate, bachelor, master, and doctoral degree programs in areas, including business and organization management, education, nursing, information technology, and general studies. The company was founded in 1987 and is headquartered in New York, NY.
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