Pearson, PLC (NYSE:PSO) Short Interest Update

Pearson, PLC (NYSE:PSO) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 2,805,735 shares, a growth of 24.5% from the December 31st total of 2,253,581 shares. Based on an average daily trading volume, of 942,633 shares, the days-to-cover ratio is currently 3.0 days. Currently, 0.4% of the company’s shares are sold short. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 942,633 shares, the days-to-cover ratio is currently 3.0 days.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Morgan Stanley began coverage on Pearson in a report on Monday, October 20th. They set an “equal weight” rating for the company. Weiss Ratings lowered shares of Pearson from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Kepler Capital Markets upgraded shares of Pearson from a “reduce” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Citigroup started coverage on shares of Pearson in a report on Monday, January 12th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Pearson presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Pearson Stock Performance

Shares of PSO stock traded down $1.02 during trading hours on Tuesday, reaching $12.22. 2,598,576 shares of the stock were exchanged, compared to its average volume of 1,002,128. The business’s fifty day moving average is $13.53 and its two-hundred day moving average is $13.94. Pearson has a 12-month low of $12.12 and a 12-month high of $17.90. The company has a quick ratio of 2.24, a current ratio of 2.31 and a debt-to-equity ratio of 0.40.

Institutional Investors Weigh In On Pearson

Several institutional investors have recently modified their holdings of PSO. QRG Capital Management Inc. raised its stake in Pearson by 30.1% in the fourth quarter. QRG Capital Management Inc. now owns 156,839 shares of the company’s stock valued at $2,202,000 after buying an additional 36,302 shares in the last quarter. M&T Bank Corp boosted its holdings in Pearson by 301.6% in the fourth quarter. M&T Bank Corp now owns 73,207 shares of the company’s stock valued at $1,028,000 after purchasing an additional 54,976 shares in the last quarter. Optas LLC purchased a new position in Pearson in the fourth quarter valued at approximately $145,000. PDS Planning Inc acquired a new stake in Pearson during the fourth quarter worth approximately $151,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Pearson by 54.2% during the 4th quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock worth $41,000 after buying an additional 1,036 shares during the last quarter. 2.14% of the stock is owned by hedge funds and other institutional investors.

Pearson Company Profile

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.