Short Interest Update on Houghton Mifflin Harcourt Company (HMHC)

Houghton Mifflin Harcourt Company (HMHC) : Traders are negative on Houghton Mifflin Harcourt Company (HMHC), as it has 4.4% of short positions outstanding compared to its float. The total shorts have reduced by -229,680 shares, which is a -4.1% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,5,581,893 to 5,352,213 shares. While the daily trading volume of the stock is 1,176,313, there are 5 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Houghton Mifflin Harcourt Company (NASDAQ:HMHC): The stock opened at $15.44 on Wednesday but the bulls could not build on the opening and the stock topped out at $15.51 for the day. The stock traded down to $15.24 during the day, due to lack of any buying support eventually closed down at $15.36 with a loss of -0.26% for the day. The stock had closed at $15.40 on the previous day. The total traded volume was 419,457 shares.


In a related news, The Securities and Exchange Commission has divulged that Dragoon John, officer (See remarks.) of Houghton Mifflin Harcourt Co, had unloaded 25,000 shares at an average price of $20.41 in a transaction dated on May 2, 2016. The total value of the transaction was worth $510,250.

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.

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