Pearson plc (NYSE:PSO) Short Interest Update

Pearson plc (NYSE:PSO) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 692,700 shares, a drop of 16.6% from the November 30th total of 830,600 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 357,200 shares, the short-interest ratio is presently 1.9 days.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Pearson from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

Pearson Stock Up 0.4 %

NYSE:PSO traded up $0.06 during mid-day trading on Tuesday, reaching $16.12. The stock had a trading volume of 215,615 shares, compared to its average volume of 367,443. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.72. The stock has a market cap of $10.74 billion, a P/E ratio of 18.32, a PEG ratio of 2.75 and a beta of 0.41. The business’s 50 day moving average is $15.37 and its 200 day moving average is $14.01. Pearson has a fifty-two week low of $11.69 and a fifty-two week high of $16.30.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PSO. Allspring Global Investments Holdings LLC boosted its holdings in Pearson by 86.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,145 shares of the company’s stock worth $43,000 after purchasing an additional 1,462 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Pearson during the 3rd quarter worth about $47,000. EverSource Wealth Advisors LLC increased its holdings in shares of Pearson by 86.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock valued at $61,000 after acquiring an additional 2,096 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Pearson by 78.6% in the 3rd quarter. GAMMA Investing LLC now owns 4,968 shares of the company’s stock valued at $67,000 after acquiring an additional 2,186 shares in the last quarter. Finally, Caprock Group LLC bought a new stake in Pearson during the third quarter worth approximately $146,000. Institutional investors and hedge funds own 2.14% of the company’s stock.

About Pearson

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.