Short Interest in Pearson PLC Drops By 69.2% (PSO)
Shares of Pearson PLC (NYSE:PSO) were the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 553,714 shares, a decrease of 69.2% from the April 30th total of 1,796,600 shares, AR Network reports. Based on an average daily volume of 311,971 shares, the short-interest ratio is presently 1.8 days. Currently, 0.0% of the company’s stock are sold short.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs downgraded shares of Pearson PLC from a “neutral” rating to a “sell” rating in a research note on Wednesday. Separately, analysts at Zacks upgraded shares of Pearson PLC from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 3rd. They now have a $20.10 price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Pearson PLC in a research note on Tuesday, May 6th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.10.
Shares of Pearson PLC (NYSE:PSO) opened at 19.02 on Thursday. Pearson PLC has a 52-week low of $16.58 and a 52-week high of $22.40. The stock has a 50-day moving average of $19.02 and a 200-day moving average of $19.16. The company has a market cap of $15.393 billion and a P/E ratio of 17.04.
Pearson plc (NYSE:PSO) is an international media and education company with its principal operations in the education, business information and consumer publishing markets.
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