HMH Holding Inc (NASDAQ:HMH) Short Interest Update

HMH Holding Inc (NASDAQ:HMH) saw a significant increase in short interest in the month of 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. Approximately 2.3% of the company’s stock are sold short. Based on an average daily volume of 633,293 shares, the short-interest ratio is currently 1.6 days.

HMH Price Performance

Shares of HMH stock traded up $0.40 on Monday, hitting $20.20. 16,001 shares of the company’s stock were exchanged, compared to its average volume of 345,156. HMH has a 1 year low of $16.32 and a 1 year high of $24.50. The firm has a 50-day moving average of $20.64.

HMH (NASDAQ:HMH) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $17,240.00 earnings per share for the quarter. The firm had revenue of $171.32 million for the quarter.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Evercore assumed coverage on shares of HMH in a research note on Monday, April 27th. They set an “outperform” rating and a $27.00 target price for the company. Piper Sandler started coverage on HMH in a report on Monday, April 27th. They set an “overweight” rating and a $32.00 price target on the stock. Zacks Research cut shares of HMH from a “hold” rating to a “strong sell” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. started coverage on shares of HMH in a research report on Monday, April 27th. They set an “overweight” rating and a $26.00 price objective on the stock. Finally, Citigroup started coverage on shares of HMH in a research report on Sunday, April 26th. They issued a “buy” rating and a $30.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, HMH has an average rating of “Moderate Buy” and an average target price of $28.40.

HMH Company Profile

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.