Monotype Imaging Holdings Inc. (NASDAQ:TYPE) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 553,756 shares, a decline of 24.9% from the January 13th total of 737,064 shares. Currently, 1.4% of the company’s stock are sold short. Based on an average daily volume of 233,211 shares, the short-interest ratio is presently 2.4 days.

Monotype Imaging Holdings (NASDAQ:TYPE) opened at 23.60 on Friday. The stock has a market cap of $943.46 million, a price-to-earnings ratio of 49.89 and a beta of 0.99. Monotype Imaging Holdings has a 1-year low of $17.31 and a 1-year high of $25.37. The firm has a 50-day moving average price of $21.70 and a 200 day moving average price of $20.87.

In other Monotype Imaging Holdings news, Director Douglas J. Shaw sold 25,000 shares of Monotype Imaging Holdings stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $22.79, for a total value of $569,750.00. Following the transaction, the director now owns 26,035 shares in the company, valued at $593,337.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 75,587 shares of company stock worth $1,589,591 in the last quarter. 2.30% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of TYPE. Quantbot Technologies LP bought a new stake in shares of Monotype Imaging Holdings during the third quarter valued at about $100,000. Teacher Retirement System of Texas boosted its stake in shares of Monotype Imaging Holdings by 13.5% in the second quarter. Teacher Retirement System of Texas now owns 5,583 shares of the company’s stock valued at $138,000 after buying an additional 665 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Monotype Imaging Holdings by 11.0% in the third quarter. Victory Capital Management Inc. now owns 6,360 shares of the company’s stock valued at $141,000 after buying an additional 632 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Monotype Imaging Holdings by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 9,020 shares of the company’s stock valued at $199,000 after buying an additional 150 shares during the last quarter. Finally, Princeton Portfolio Strategies Group LLC bought a new stake in shares of Monotype Imaging Holdings during the fourth quarter valued at about $204,000. Institutional investors own 85.10% of the company’s stock.

TYPE has been the topic of several analyst reports. B. Riley reiterated a “buy” rating and issued a $22.00 target price on shares of Monotype Imaging Holdings in a research note on Tuesday, December 6th. Zacks Investment Research upgraded Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, January 3rd. Finally, J P Morgan Chase & Co upgraded Monotype Imaging Holdings from an “underweight” rating to a “neutral” rating in a research note on Thursday, January 12th.

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About Monotype Imaging Holdings

Monotype Imaging Holdings Inc (Monotype) is a provider of type and technology for applications and consumer devices. The Company’s business segment operates through development, marketing and licensing of technologies and fonts. Its business includes Creative Professional and original equipment manufacturer (OEM).

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