Short Interest in Pearson PLC (PSO) Expands By 44.6%

Pearson PLC (NYSE:PSO) saw a large growth in short interest in May. As of May 15th, there was short interest totalling 1,364,758 shares, a growth of 44.6% from the April 28th total of 943,603 shares. Based on an average daily volume of 605,664 shares, the short-interest ratio is presently 2.3 days.

Pearson PLC (NYSE:PSO) opened at 9.07 on Wednesday. The stock’s market cap is $7.39 billion. The stock has a 50 day moving average price of $8.72 and a 200-day moving average price of $8.75. Pearson PLC has a 12-month low of $7.04 and a 12-month high of $13.20.

PSO has been the topic of a number of analyst reports. Zacks Investment Research lowered Pearson PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Exane BNP Paribas lowered Pearson PLC from a “neutral” rating to an “underperform” rating in a research report on Thursday, April 6th. BNP Paribas lowered Pearson PLC from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 5th. Jefferies Group LLC reaffirmed an “underperform” rating on shares of Pearson PLC in a research report on Monday, March 27th. Finally, Kepler Capital Markets lowered Pearson PLC from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $10.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Comerica Bank boosted its position in Pearson PLC by 1.3% in the first quarter. Comerica Bank now owns 47,153 shares of the company’s stock valued at $387,000 after buying an additional 614 shares during the period. World Asset Management Inc boosted its position in Pearson PLC by 1.5% in the first quarter. World Asset Management Inc now owns 51,205 shares of the company’s stock valued at $434,000 after buying an additional 744 shares during the period. Guggenheim Capital LLC boosted its position in Pearson PLC by 5.3% in the fourth quarter. Guggenheim Capital LLC now owns 18,493 shares of the company’s stock valued at $185,000 after buying an additional 925 shares during the period. US Bancorp DE boosted its position in Pearson PLC by 20.7% in the first quarter. US Bancorp DE now owns 11,872 shares of the company’s stock valued at $101,000 after buying an additional 2,035 shares during the period. Finally, Geode Capital Management LLC boosted its position in Pearson PLC by 23.8% in the first quarter. Geode Capital Management LLC now owns 20,437 shares of the company’s stock valued at $173,000 after buying an additional 3,935 shares during the period. Institutional investors and hedge funds own 2.14% of the company’s stock.

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Pearson PLC Company Profile

Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PSO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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