HMH Holding Inc (NASDAQ:HMH) Short Interest Update

HMH Holding Inc (NASDAQ:HMH – Get Free Report) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 1,013,840 shares, an increase of 212.1% from the June 15th total of 324,816 shares. Based on an average trading volume of 633,293 shares, the short-interest ratio is currently 1.6 days. Approximately 2.3% of the company’s stock are sold short.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Citigroup initiated coverage on HMH in a report on Sunday, April 26th. They set a “buy” rating and a $30.00 price objective for the company. Wall Street Zen downgraded HMH from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Pickering Energy Partners started coverage on HMH in a report on Monday, April 27th. They set an “outperform” rating for the company. Zacks Research cut HMH from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 25th. Finally, Stifel Nicolaus began coverage on HMH in a report on Monday, April 27th. They issued a “buy” rating and a $27.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, HMH presently has an average rating of “Moderate Buy” and an average price target of $28.40.

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HMH Stock Performance

Shares of NASDAQ HMH traded up $0.03 during mid-day trading on Tuesday, reaching $19.94. 94,341 shares of the company traded hands, compared to its average volume of 342,685. The company’s fifty day moving average is $20.61. HMH has a fifty-two week low of $16.32 and a fifty-two week high of $24.50.

HMH (NASDAQ:HMH – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $17,240.00 earnings per share for the quarter. The company had revenue of $171.32 million during the quarter.

About HMH

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Houghton Mifflin Harcourt (HMH) is an education and learning company that produces curricular content, instructional materials, assessment tools and digital learning platforms primarily for the K–12 market. The company develops and licenses print and digital resources designed to support classroom instruction, remote and blended learning, and student assessment across a range of subjects and grade levels.

HMH’s offerings include core and supplemental curricula, adaptive and online learning technologies, formative and summative assessments, and professional development services for educators.

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