Rosetta Stone Inc (NYSE:RST) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 1,130,000 shares, a decline of 8.9% from the September 30th total of 1,240,000 shares. Currently, 4.9% of the company’s shares are short sold. Based on an average trading volume of 182,900 shares, the short-interest ratio is currently 6.2 days.

Shares of RST traded down $0.57 during midday trading on Friday, hitting $14.43. The stock had a trading volume of 229,039 shares, compared to its average volume of 236,410. The company has a 50 day simple moving average of $17.68 and a two-hundred day simple moving average of $20.96. Rosetta Stone has a twelve month low of $13.76 and a twelve month high of $26.88.

Rosetta Stone (NYSE:RST) last released its earnings results on Wednesday, November 6th. The software maker reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.19. The company had revenue of $45.46 million during the quarter, compared to analyst estimates of $46.50 million. Sell-side analysts anticipate that Rosetta Stone will post -0.6 earnings per share for the current fiscal year.

In other Rosetta Stone news, Director Laurence Franklin sold 10,181 shares of Rosetta Stone stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $19.69, for a total value of $200,463.89. Following the sale, the director now owns 38,057 shares of the company’s stock, valued at approximately $749,342.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicholas C. Gaehde sold 2,500 shares of Rosetta Stone stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $20.00, for a total value of $50,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,782 shares of company stock worth $272,484. Corporate insiders own 13.50% of the company’s stock.

Several large investors have recently added to or reduced their stakes in RST. Marshall Wace LLP acquired a new stake in shares of Rosetta Stone in the first quarter valued at about $34,000. Cortina Asset Management LLC increased its position in shares of Rosetta Stone by 11.5% in the second quarter. Cortina Asset Management LLC now owns 249,052 shares of the software maker’s stock valued at $5,698,000 after acquiring an additional 25,591 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Rosetta Stone in the second quarter valued at about $203,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Rosetta Stone by 794.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,431 shares of the software maker’s stock valued at $216,000 after acquiring an additional 8,377 shares during the last quarter. Finally, Aperio Group LLC acquired a new stake in shares of Rosetta Stone in the second quarter valued at about $82,000. 86.40% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have issued reports on RST. Lake Street Capital dropped their price target on Rosetta Stone from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. ValuEngine downgraded Rosetta Stone from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 6th. Zacks Investment Research downgraded Rosetta Stone from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Finally, Barrington Research reissued a “buy” rating and issued a $25.00 price target on shares of Rosetta Stone in a research note on Thursday, November 7th.

About Rosetta Stone

Rosetta Stone Inc, together with its subsidiaries, provides technology-based learning products in the United States and internationally. It operates through three segments: Literacy, E&E Language, and Consumer Language. The company develops, markets, and supports a suite of language-learning, literacy, and brain fitness solutions consisting of Web-based software subscriptions, perpetual software products, online and professional services, audio practice products, and mobile applications.

Further Reading: Limitations to arbitrage trading

Receive News & Ratings for Rosetta Stone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rosetta Stone and related companies with MarketBeat.com's FREE daily email newsletter.