Franklin Covey Co. (NYSE:FC) Short Interest Up 9.9% in December

Franklin Covey Co. (NYSE:FC) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 283,100 shares, an increase of 9.9% from the December 15th total of 257,700 shares. Based on an average daily trading volume, of 62,900 shares, the short-interest ratio is currently 4.5 days. Approximately 2.6% of the shares of the stock are short sold.

Franklin Covey Price Performance

FC traded up $0.17 during midday trading on Monday, hitting $33.12. The stock had a trading volume of 93,368 shares, compared to its average volume of 67,204. The company has a market cap of $436.46 million, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 1.15 and a beta of 1.21. The business has a fifty day moving average of $36.15 and a 200 day moving average of $38.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.96 and a current ratio of 0.99. Franklin Covey has a 1 year low of $28.99 and a 1 year high of $44.46.

Franklin Covey (NYSE:FC) last issued its earnings results on Wednesday, January 8th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.13). Franklin Covey had a return on equity of 25.63% and a net margin of 6.85%. As a group, equities analysts forecast that Franklin Covey will post 1.36 earnings per share for the current fiscal year.

Institutional Trading of Franklin Covey

A number of institutional investors have recently made changes to their positions in FC. Cubist Systematic Strategies LLC purchased a new stake in shares of Franklin Covey during the second quarter valued at approximately $226,000. Point72 Asset Management L.P. bought a new position in shares of Franklin Covey during the second quarter valued at approximately $248,000. O Keefe Stevens Advisory Inc. raised its holdings in shares of Franklin Covey by 30.6% during the third quarter. O Keefe Stevens Advisory Inc. now owns 6,954 shares of the business services provider’s stock valued at $286,000 after acquiring an additional 1,629 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Franklin Covey during the third quarter valued at approximately $290,000. Finally, Creative Planning bought a new position in shares of Franklin Covey during the third quarter valued at approximately $301,000. Hedge funds and other institutional investors own 69.88% of the company’s stock.

Analyst Upgrades and Downgrades

FC has been the topic of several research analyst reports. Barrington Research restated an “outperform” rating and issued a $45.00 price objective on shares of Franklin Covey in a research report on Thursday, November 7th. StockNews.com cut shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 13th.

About Franklin Covey

Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through Direct Offices, International Licensees, and Education Practice segments.