Pearson plc (NYSE:PSO) Short Interest Update

Pearson plc (NYSE:PSO) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 736,000 shares, a decline of 21.0% from the October 15th total of 931,300 shares. Based on an average daily trading volume, of 316,300 shares, the short-interest ratio is presently 2.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC increased its holdings in shares of Pearson by 50.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 47,595 shares of the company’s stock worth $646,000 after buying an additional 16,049 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Pearson by 16.3% in the 3rd quarter. Quantinno Capital Management LP now owns 145,744 shares of the company’s stock worth $1,978,000 after buying an additional 20,461 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Pearson in the third quarter valued at about $628,000. Rockefeller Capital Management L.P. increased its position in Pearson by 55.8% in the third quarter. Rockefeller Capital Management L.P. now owns 172,190 shares of the company’s stock worth $2,337,000 after buying an additional 61,666 shares in the last quarter. Finally, Glenmede Trust Co. NA bought a new stake in Pearson during the third quarter valued at about $149,000. 2.14% of the stock is currently owned by hedge funds and other institutional investors.

Pearson Trading Down 0.5 %

NYSE PSO traded down $0.08 on Friday, hitting $15.02. 266,884 shares of the company’s stock were exchanged, compared to its average volume of 397,605. The company has a quick ratio of 1.72, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Pearson has a 52 week low of $11.64 and a 52 week high of $15.65. The stock has a 50-day moving average of $13.99 and a 200-day moving average of $13.22.

Analysts Set New Price Targets

Several brokerages recently issued reports on PSO. StockNews.com downgraded shares of Pearson from a “buy” rating to a “hold” rating in a report on Friday. Citigroup raised shares of Pearson to a “strong-buy” rating in a research note on Tuesday, July 30th.

Pearson Company Profile

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.