Franklin Covey Co. (NYSE:FC) Short Interest Up 9.9% in January

Franklin Covey Co. (NYSE:FC - Get Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 283,100 shares, a growth of 9.9% from the December 31st total of 257,700 shares. Based on an average daily trading volume, of 62,900 shares, the days-to-cover ratio is presently 4.5 days. Currently, 2.6% of the company's stock are sold short.

Franklin Covey Price Performance

FC stock traded up $0.08 during trading on Wednesday, hitting $37.75. 93,756 shares of the stock traded hands, compared to its average volume of 128,333. The stock has a market cap of $498.30 million, a price-to-earnings ratio of 25.68, a P/E/G ratio of 1.95 and a beta of 1.20. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03. Franklin Covey has a one year low of $28.99 and a one year high of $44.46. The company has a 50 day simple moving average of $35.91 and a 200 day simple moving average of $38.41.

Franklin Covey (NYSE:FC - Get Free Report) last issued its earnings results on Wednesday, January 8th. The business services provider reported $0.09 EPS 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%. Equities analysts expect that Franklin Covey will post 0.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FC. StockNews.com downgraded shares of Franklin Covey from a "strong-buy" rating to a "buy" rating in a research report on Monday, January 13th. Barrington Research reaffirmed an "outperform" rating and set a $45.00 price target on shares of Franklin Covey in a research note on Thursday, November 7th.

Institutional Investors Weigh In On Franklin Covey

A number of institutional investors and hedge funds have recently modified their holdings of FC. New York State Teachers Retirement System acquired a new stake in Franklin Covey in the 4th quarter worth about $38,000. R Squared Ltd acquired a new stake in shares of Franklin Covey during the 4th quarter valued at $57,000. Wiser Advisor Group LLC increased its stake in shares of Franklin Covey by 100.2% in the fourth quarter. Wiser Advisor Group LLC now owns 1,812 shares of the business services provider's stock valued at $68,000 after buying an additional 907 shares during the period. Cubist Systematic Strategies LLC bought a new position in Franklin Covey during the 2nd quarter worth $226,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Franklin Covey in the second quarter worth approximately $248,000. 69.88% of the stock is owned by institutional investors.

About Franklin Covey

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.