John Wiley & Sons, Inc. (NYSE:WLYB) Stock Short Interest Falls 49.6%

John Wiley & Sons, Inc. (NYSE:WLYB) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 850 shares, a decline of 49.6% from the September 15th total of 1,688 shares. Based on an average daily volume of 7,610 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

John Wiley & Sons Price Performance

John Wiley & Sons stock remained flat at $51.59 during mid-day trading on Thursday. The company’s stock had a trading volume of 253 shares, compared to its average volume of 4,336. The company has a 50 day moving average price of $50.35 and a 200 day moving average price of $46.57. The firm has a market cap of $2.61 billion, a P/E ratio of 13.65 and a beta of 0.54. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.61 and a current ratio of 0.64. John Wiley & Sons has a 52-week low of $29.16 and a 52-week high of $55.51.

John Wiley & Sons (NYSE:WLYB) last released its earnings results on Thursday, September 3rd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. John Wiley & Sons had a net margin of 11.90% and a return on equity of 27.99%. The firm had revenue of $386.36 million for the quarter, compared to analysts’ expectations of $380.20 million.

John Wiley & Sons Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Tuesday, October 6th will be given a $0.3575 dividend. The ex-dividend date is Tuesday, October 6th. This represents a $1.43 annualized dividend and a yield of 2.8%. John Wiley & Sons’s payout ratio is 37.83%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of John Wiley & Sons in a research note on Friday, July 17th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, John Wiley & Sons has a consensus rating of “Hold”.

John Wiley & Sons Company Profile

John Wiley & Sons, Inc is a global publishing and knowledge-services company serving researchers, educators, students, professionals and lifelong learners. Its principal activities include the development and distribution of scholarly, scientific, technical, medical and professional content through books, journals, digital platforms and other learning resources.

The company also provides online education, course materials, assessment tools and professional development solutions for higher education, corporations and other organizations.