Scholastic Co. (NASDAQ:SCHL) Short Interest Update

Scholastic Co. (NASDAQ:SCHLGet Rating) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totalling 778,600 shares, a growth of 33.8% from the April 15th total of 581,900 shares. Based on an average daily trading volume, of 140,100 shares, the days-to-cover ratio is presently 5.6 days. Approximately 2.7% of the shares of the stock are sold short.

A number of large investors have recently bought and sold shares of the stock. Allegheny Financial Group LTD acquired a new position in Scholastic in the 4th quarter valued at approximately $28,000. FinTrust Capital Advisors LLC bought a new stake in shares of Scholastic in the first quarter worth $41,000. Daiwa Securities Group Inc. acquired a new stake in Scholastic in the fourth quarter valued at $56,000. Advisor Group Holdings Inc. raised its position in Scholastic by 417.2% during the 4th quarter. Advisor Group Holdings Inc. now owns 1,567 shares of the company’s stock worth $62,000 after purchasing an additional 1,264 shares during the last quarter. Finally, Gladius Capital Management LP acquired a new position in Scholastic during the 4th quarter worth about $80,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

NASDAQ SCHL opened at $36.53 on Monday. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 36.90 and a beta of 0.77. Scholastic has a twelve month low of $31.74 and a twelve month high of $43.71. The business’s fifty day moving average is $38.79 and its 200 day moving average is $39.66.

Scholastic (NASDAQ:SCHLGet Rating) last issued its earnings results on Thursday, March 17th. The company reported ($0.38) earnings per share (EPS) for the quarter. Scholastic had a return on equity of 5.08% and a net margin of 2.38%. The firm had revenue of $344.50 million during the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Friday, April 29th will be issued a $0.15 dividend. The ex-dividend date is Thursday, April 28th. This represents a $0.60 dividend on an annualized basis and a yield of 1.64%. Scholastic’s dividend payout ratio (DPR) is presently 60.61%.

A number of equities research analysts have recently weighed in on SCHL shares. StockNews.com began coverage on shares of Scholastic in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. TheStreet downgraded shares of Scholastic from a “b” rating to a “c” rating in a research note on Monday, April 18th.

Scholastic Company Profile (Get Rating)

Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment publishes and distributes children's books, e-books, media, and interactive products through its school book club and school book fair channels, as well as through its trade channel.

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