John Wiley & Sons, Inc. (NYSE:WLYB) Sees Significant Drop in Short Interest

John Wiley & Sons, Inc. (NYSE:WLYB) saw a significant drop in short interest in May. As of May 31st, there was short interest totalling 200 shares, a drop of 33.3% from the May 15th total of 300 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is presently 0.3 days.

John Wiley & Sons Trading Up 10.0%

Shares of WLYB stock traded up $3.74 on Tuesday, reaching $41.01. The company had a trading volume of 1,767 shares, compared to its average volume of 666. The stock has a market cap of $2.21 billion, a PE ratio of -45.07 and a beta of 0.68. The company has a 50-day moving average of $42.06 and a 200-day moving average of $42.80. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.26. John Wiley & Sons has a 12 month low of $37.27 and a 12 month high of $52.90.

John Wiley & Sons (NYSE:WLYB) last posted its earnings results on Tuesday, June 17th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.10. John Wiley & Sons had a negative net margin of 2.82% and a positive return on equity of 24.14%. The company had revenue of $442.58 million for the quarter, compared to analyst estimates of $435.00 million.

John Wiley & Sons Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Tuesday, April 8th were issued a dividend of $0.3525 per share. The ex-dividend date was Tuesday, April 8th. This represents a $1.41 annualized dividend and a yield of 3.44%. John Wiley & Sons’s dividend payout ratio is presently 190.54%.

Institutional Investors Weigh In On John Wiley & Sons

A hedge fund recently bought a new stake in John Wiley & Sons stock. Gabelli Funds LLC bought a new position in shares of John Wiley & Sons, Inc. (NYSE:WLYB) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,500 shares of the company’s stock, valued at approximately $201,000. Institutional investors and hedge funds own 0.49% of the company’s stock.

About John Wiley & Sons

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.