Short Interest in Franklin Covey Co. (NYSE:FC) Rises By 29.2%

Franklin Covey Co. (NYSE:FC - Get Free Report) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 415,000 shares, a growth of 29.2% from the January 15th total of 321,200 shares. Approximately 3.7% of the shares of the company are short sold. Based on an average trading volume of 100,900 shares, the days-to-cover ratio is currently 4.1 days.

Institutional Trading of Franklin Covey

Institutional investors have recently modified their holdings of the company. Rice Hall James & Associates LLC raised its position in shares of Franklin Covey by 9.0% during the third quarter. Rice Hall James & Associates LLC now owns 549,145 shares of the business services provider's stock worth $22,586,000 after purchasing an additional 45,312 shares during the period. Geode Capital Management LLC raised its position in shares of Franklin Covey by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 301,054 shares of the business services provider's stock worth $11,316,000 after purchasing an additional 5,872 shares during the period. State Street Corp raised its position in shares of Franklin Covey by 2.4% during the third quarter. State Street Corp now owns 255,328 shares of the business services provider's stock worth $10,502,000 after purchasing an additional 5,955 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Franklin Covey by 3.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 251,263 shares of the business services provider's stock worth $9,442,000 after purchasing an additional 8,310 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Franklin Covey by 7.2% during the fourth quarter. Renaissance Technologies LLC now owns 146,903 shares of the business services provider's stock worth $5,521,000 after purchasing an additional 9,900 shares during the period. Institutional investors and hedge funds own 69.88% of the company's stock.

Franklin Covey Price Performance

Shares of Franklin Covey stock traded down $0.44 during trading on Thursday, hitting $33.94. The stock had a trading volume of 135,833 shares, compared to its average volume of 133,713. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.94. The firm has a market cap of $448.02 million, a P/E ratio of 23.09, a PEG ratio of 1.79 and a beta of 1.20. The business has a fifty day moving average of $35.77 and a two-hundred day moving average of $37.97. Franklin Covey has a fifty-two week low of $28.99 and a fifty-two week high of $44.46.

Franklin Covey (NYSE:FC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 8th. The business services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.13). Franklin Covey had a net margin of 6.85% and a return on equity of 25.23%. On average, sell-side analysts expect that Franklin Covey will post 0.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FC has been the subject of a number of analyst reports. StockNews.com lowered Franklin Covey from a "strong-buy" rating to a "buy" rating in a research report on Monday, January 13th. Barrington Research reiterated an "outperform" rating and set a $45.00 price target on shares of Franklin Covey in a research report on Thursday, November 7th.

Franklin Covey Company Profile

Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through Direct Offices, International Licensees, and Education Practice segments.