Will Scholastic Corporation (NASDAQ:SCHL) Run Out of Steam Soon? Short Interest is Up

November 7, 2017 - By reb123z

 Will Scholastic Corporation (NASDAQ:SCHL) Run Out of Steam Soon? Short Interest is Up

Investors sentiment increased to 1.65 in 2017 Q2. Its up 0.06, from 1.59 in 2017Q1. It increased, as 15 investors sold Scholastic Corp shares while 36 reduced holdings. 23 funds opened positions while 61 raised stakes. 27.61 million shares or 1.09% more from 27.32 million shares in 2017Q1 were reported.
Capital One Natl Association, a New York-based fund reported 25,065 shares. Parametric Assoc Limited Company reported 0.01% of its portfolio in Scholastic Corp (NASDAQ:SCHL). 1.20 million were accumulated by Northern. Zebra Cap Llc holds 0.13% in Scholastic Corp (NASDAQ:SCHL) or 9,794 shares. First Mercantile Tru accumulated 4,670 shares. Sector Pension Inv Board accumulated 13,908 shares. Wellington Management Gp Ltd Liability Partnership holds 11,019 shares or 0% of its portfolio. Envestnet Asset Mgmt Inc accumulated 2,991 shares. Los Angeles Mngmt And Equity Research holds 0.02% in Scholastic Corp (NASDAQ:SCHL) or 59,552 shares. Sei accumulated 0% or 6,559 shares. 12,514 were accumulated by Sg Americas Secs Lc. Bank Of Montreal Can invested 0% in Scholastic Corp (NASDAQ:SCHL). D E Shaw And Company has 7,717 shares for 0% of their portfolio. Suntrust Banks Inc invested in 0.01% or 29,277 shares. Citadel Advisors Limited Liability Company stated it has 154,141 shares.

Since June 1, 2017, it had 0 insider buys, and 3 selling transactions for $3.32 million activity. On Monday, June 12 the insider NEWMAN JUDITH sold $225,220.

The stock of Scholastic Corporation (NASDAQ:SCHL) registered an increase of 3.78% in short interest. SCHL’s total short interest was 1.14 million shares in November as published by FINRA. Its up 3.78% from 1.10M shares, reported previously. With 134,000 shares average volume, it will take short sellers 9 days to cover their SCHL’s short positions. The short interest to Scholastic Corporation’s float is 3.78%.

About 29,905 shares traded. Scholastic Corp (NASDAQ:SCHL) has risen 15.83% since November 7, 2016 and is uptrending. It has underperformed by 0.87% the S&P500.

Scholastic Corporation is a publisher and distributor of children’s books, a well-known provider of print and digital instructional materials for pre-kindergarten to grade 12, and a producer of educational and entertaining children’s media. The company has market cap of $1.29 billion. The Firm operates through three divisions: Children’s Book Publishing and Distribution, Education and International. It has a 47.09 P/E ratio. The Children’s Book Publishing and Distribution segment includes the publication and distribution of children’s books, e-books, media and interactive products in the United States through its book clubs and book fairs in its school channels and through the trade channel.

Scholastic Corp (NASDAQ:SCHL) Ratings Coverage

Among 2 analysts covering Scholastic Corporation (NASDAQ:SCHL), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Scholastic Corporation had 4 analyst reports since October 13, 2015 according to SRatingsIntel. The rating was initiated by Oppenheimer with “Outperform” on Tuesday, October 13. The stock of Scholastic Corp (NASDAQ:SCHL) has “Hold” rating given on Monday, August 14 by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus on Monday, July 10 with “Hold”. Stifel Nicolaus maintained the shares of SCHL in report on Friday, September 22 with “Hold” rating.

More notable recent Scholastic Corp (NASDAQ:SCHL) news were published by: Fool.com which released: “Better Stock in Book Publishing: Scholastic Corp. or Houghton Mifflin Harcourt Co?” on December 20, 2015, also Nasdaq.com with their article: “YieldBoost Scholastic Corp. From 1.6% To 8.6% Using Options” published on November 07, 2017, Fool.com published: “Why Shares of Scholastic Corp. Tumbled Today” on January 21, 2016. More interesting news about Scholastic Corp (NASDAQ:SCHL) were released by: Marketwatch.com and their article: “Scholastic shares slip as results can’t match last year’s record-breaking …” published on September 21, 2017 as well as Marketwatch.com‘s news article titled: “37.10” with publication date: December 22, 2009.

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