PowerSchool Holdings Inc (NYSE:PWSC) Short Interest Update

PowerSchool Holdings Inc (NYSE:PWSC) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 3,160,000 shares, a growth of 163.3% from the September 15th total of 1,200,000 shares. Based on an average trading volume of 1,020,000 shares, the days-to-cover ratio is presently 3.1 days. Approximately 8.0% of the company’s shares are sold short.

A number of research firms have recently issued reports on PWSC. UBS Group boosted their price target on shares of PowerSchool from $28.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, September 10th. Piper Sandler boosted their price target on shares of PowerSchool from $30.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, September 10th. Bank of America boosted their price target on shares of PowerSchool from $30.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, September 10th. William Blair started coverage on shares of PowerSchool in a research report on Monday, August 23rd. They set an “outperform” rating on the stock. Finally, Raymond James started coverage on shares of PowerSchool in a research report on Monday, August 23rd. They issued a “market perform” rating for the company. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $36.14.

NYSE:PWSC traded up $0.85 during trading hours on Thursday, hitting $23.71. 5,317 shares of the company traded hands, compared to its average volume of 887,939. PowerSchool has a twelve month low of $17.57 and a twelve month high of $36.56. The stock’s 50-day moving average price is $28.27.

About PowerSchool

PowerSchool Holdings Inc is a provider of cloud-based software for K-12 education principally in North America. PowerSchool Holdings Inc is based in FOLSOM, Calif.

Further Reading: Average Daily Trade Volume Explained

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