Short Interest in Pearson plc (NYSE:PSO) Drops By 21.0%

Pearson plc (NYSE:PSO) saw a large decline in short interest in the month of 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. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 316,300 shares, the days-to-cover ratio is currently 2.3 days.

Pearson Stock Down 0.5 %

Shares of NYSE PSO traded down $0.08 during midday trading on Friday, hitting $15.02. 266,879 shares of the company’s stock were exchanged, compared to its average volume of 368,202. The company’s 50 day moving average price is $13.97 and its 200 day moving average price is $13.19. Pearson has a 12 month low of $11.64 and a 12 month high of $15.65. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 1.78.

Analyst Upgrades and Downgrades

PSO has been the subject of a number of analyst reports. StockNews.com downgraded Pearson from a “buy” rating to a “hold” rating in a research note on Friday. Citigroup upgraded shares of Pearson to a “strong-buy” rating in a research note on Tuesday, July 30th.

Institutional Trading of Pearson

A number of hedge funds and other institutional investors have recently modified their holdings of PSO. Russell Investments Group Ltd. boosted its stake in shares of Pearson by 9,603.7% in the first quarter. Russell Investments Group Ltd. now owns 39,785 shares of the company’s stock valued at $524,000 after purchasing an additional 39,375 shares during the period. SageView Advisory Group LLC bought a new stake in shares of Pearson in the 1st quarter worth approximately $42,000. O Shaughnessy Asset Management LLC purchased a new stake in Pearson during the 1st quarter valued at $227,000. Lake Street Advisors Group LLC boosted its stake in shares of Pearson by 8.5% in the 1st quarter. Lake Street Advisors Group LLC now owns 12,905 shares of the company’s stock worth $172,000 after buying an additional 1,007 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Pearson by 88.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the company’s stock worth $29,000 after purchasing an additional 1,138 shares during the period. 2.14% of the stock is owned by hedge funds and other institutional investors.

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.