Houghton Mifflin Harcourt Company (NASDAQ:HMHC), A reduction of 178,149 shares or 3.2% was observed in the short interest of Houghton Mifflin Harcourt Company The interest on June 15,2016 came in at 5,464,237 shares and as per the average daily trading of 757,701 shares, the days to cover are 7. The reduced interest is 4.5% of the floated shares. The data of May 31,2016 put the interest at 5,642,386 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Houghton Mifflin Harcourt Company (NASDAQ:HMHC): The stock opened at $15.43 on Friday but the bulls could not build on the opening and the stock topped out at $15.66 for the day. The stock traded down to $15.34 during the day, due to lack of any buying support eventually closed down at $15.61 with a loss of -2.80% for the day. The stock had closed at $16.06 on the previous day. The total traded volume was 3,740,112 shares.
The company shares have dropped -38.62% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $27.04 and the one year low was seen on Jun 24, 2016. The 50-Day Moving Average price is $17.14 and the 200 Day Moving Average price is recorded at $18.66.
Houghton Mifflin Harcourt Company (NASDAQ:HMHC) has tumbled 4.82% during the past week and has dropped 9.4% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.24%. Houghton Mifflin Harcourt Company (NASDAQ:HMHC) has underperformed the index by 6.66% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Houghton Mifflin Harcourt Company (HMH) is a global learning company, specializing in education solutions across a variety of media. The Company operates in two segments: Education and Trade Publishing. Its Education segment provides educational products, technology platforms and services to meet the diverse needs of classrooms. Its Trade Publishing segment develops, markets and sells consumer books in print and digital formats and licenses book rights to other publishers and electronic businesses in the United States and abroad. It delivers content, services and technology to both educational institutions and consumers, in more than 150 countries across the world. In the United States, the Company is a provider of Kindergarten through 12th grade (K-12) educational content. Its content includes characters and titles such as Curious George, Carmen Sandiego, The Oregon Trail, The Little Prince, The Lord of the Rings, Life of Pi, Websters New World Dictionary and Cliffs Notes.