HMH Holding Inc (NASDAQ:HMH) Short Interest Update

HMH Holding Inc (NASDAQ:HMH) saw 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 daily volume of 633,293 shares, the short-interest ratio is currently 1.6 days. Approximately 2.3% of the company’s stock are short sold.

Analysts Set New Price Targets

HMH has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of HMH from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Pickering Energy Partners assumed coverage on shares of HMH in a report on Monday, April 27th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. assumed coverage on shares of HMH in a report on Monday, April 27th. They set an “overweight” rating and a $26.00 price objective for the company. Evercore started coverage on shares of HMH in a report on Monday, April 27th. They set an “outperform” rating and a $27.00 price objective for the company. Finally, Stifel Nicolaus started coverage on shares of HMH in a research note on Monday, April 27th. They issued a “buy” rating and a $27.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, HMH has an average rating of “Moderate Buy” and a consensus target price of $28.40.

HMH Stock Up 0.2%

Shares of HMH opened at $19.94 on Wednesday. The business has a 50 day moving average price of $20.57. HMH has a 52 week low of $16.32 and a 52 week high of $24.50.

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 during the quarter.

About HMH

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.