Lincoln Educational Services Corp (NASDAQ:LINC) Sees Large Drop in Short Interest
Lincoln Educational Services Corp (NASDAQ:LINC) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 42,300 shares, a decline of 23.6% from the May 30th total of 55,400 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 22,400 shares, the short-interest ratio is currently 1.9 days.
Several research analysts have weighed in on LINC shares. ValuEngine upgraded Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. TheStreet upgraded SUMMIT THERAPEU/S from a “d” rating to a “c-” rating in a report on Thursday, June 13th. Finally, Zacks Investment Research upgraded General Moly from a “sell” rating to a “hold” rating in a report on Thursday.
LINC traded down $0.04 during trading on Friday, hitting $2.13. The company’s stock had a trading volume of 37,281 shares, compared to its average volume of 17,841. The business has a 50 day simple moving average of $2.52. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.60 and a current ratio of 0.63. The stock has a market cap of $56.78 million, a PE ratio of -7.89, a PEG ratio of 1.15 and a beta of 0.74. Lincoln Educational Services has a twelve month low of $1.64 and a twelve month high of $3.34.
An institutional investor recently raised its position in Lincoln Educational Services stock. Nantahala Capital Management LLC boosted its holdings in shares of Lincoln Educational Services Corp (NASDAQ:LINC) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,436,805 shares of the company’s stock after acquiring an additional 20,000 shares during the quarter. Nantahala Capital Management LLC owned 9.89% of Lincoln Educational Services worth $7,798,000 as of its most recent SEC filing. Institutional investors and hedge funds own 63.48% of the company’s stock.
Lincoln Educational Services Company Profile
Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services to high school graduates and working adults in the United States. The company operates in three segments: Transportation and Skilled Trades; Healthcare and Other Professions; and Transitional.
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