Scholastic Co. (NASDAQ:SCHL) Short Interest Update

Scholastic Co. (NASDAQ:SCHL) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,860,000 shares, a growth of 17.0% from the February 13th total of 1,590,000 shares. Currently, 8.1% of the shares of the company are short sold. Based on an average daily trading volume, of 357,700 shares, the short-interest ratio is currently 5.2 days.

Institutional Trading of Scholastic

Several hedge funds have recently modified their holdings of the company. J. Goldman & Co LP acquired a new stake in Scholastic during the 4th quarter valued at $18,892,000. Pacer Advisors Inc. grew its holdings in shares of Scholastic by 2.0% during the fourth quarter. Pacer Advisors Inc. now owns 838,366 shares of the company’s stock worth $17,882,000 after purchasing an additional 16,379 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Scholastic by 10.4% in the fourth quarter. American Century Companies Inc. now owns 621,852 shares of the company’s stock valued at $13,264,000 after buying an additional 58,483 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Scholastic by 13.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 568,206 shares of the company’s stock valued at $12,120,000 after buying an additional 66,027 shares in the last quarter. Finally, Azarias Capital Management L.P. raised its holdings in shares of Scholastic by 71.8% in the fourth quarter. Azarias Capital Management L.P. now owns 467,783 shares of the company’s stock valued at $9,978,000 after buying an additional 195,507 shares during the last quarter. Institutional investors and hedge funds own 82.57% of the company’s stock.

Scholastic Stock Down 4.2 %

SCHL stock opened at $18.87 on Wednesday. The business’s 50-day simple moving average is $20.08 and its 200 day simple moving average is $24.21. The company has a quick ratio of 0.81, a current ratio of 1.24 and a debt-to-equity ratio of 0.25. The company has a market cap of $530.27 million, a PE ratio of -106.74 and a beta of 1.10. Scholastic has a twelve month low of $17.72 and a twelve month high of $39.54.

Scholastic (NASDAQ:SCHL) last issued its earnings results on Thursday, December 19th. The company reported $1.82 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.48). Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. On average, research analysts anticipate that Scholastic will post 0.84 earnings per share for the current year.

Scholastic Company Profile

Scholastic Corporation publishes and distributes children’s books worldwide. It operates in three segments: Children’s Book Publishing and Distribution, Education Solutions, and International. The Children’s Book Publishing and Distribution segment engages in publication and distribution of children’s print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.