John Wiley & Sons, Inc. (NYSE:WLYB) Short Interest Update

Key Points

• John Wiley & Sons saw its short interest drop by 100.0% in July, with only 600 shares sold short compared to 2,280,000 at the end of June.
• The company recently increased its quarterly dividend to $0.355 per share, marking a positive change from the previous quarter's dividend of $0.35.
• In its latest earnings report, John Wiley & Sons reported $1.37 earnings per share, surpassing analysts' estimates of $1.27 and generating a revenue of $442.58 million.

John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 600 shares, adropof100.0% from the June 30th total of 2,280,000 shares. Based on an average trading volume of 600 shares, the days-to-cover ratio is presently 1.0 days. Currently,0.1% of the company's shares are sold short. Currently,0.1% of the company's shares are sold short. Based on an average trading volume of 600 shares, the days-to-cover ratio is presently 1.0 days.

John Wiley & Sons Trading Down 2.5%

NYSE WLYB traded down $0.96 during mid-day trading on Friday, reaching $38.08. 118 shares of the stock were exchanged, compared to its average volume of 125. John Wiley & Sons has a 1-year low of $37.27 and a 1-year high of $52.90. The business's fifty day simple moving average is $41.15 and its 200 day simple moving average is $42.18. The stock has a market capitalization of $2.03 billion, a PE ratio of 24.89 and a beta of 0.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.51 and a current ratio of 0.54.

John Wiley & Sons (NYSE:WLYB - Get Free Report) last announced its quarterly earnings results on Tuesday, June 17th. The company reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.10. John Wiley & Sons had a net margin of 5.02% and a return on equity of 27.42%. The company had revenue of $442.58 million for the quarter, compared to analyst estimates of $435.00 million.

John Wiley & Sons Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Tuesday, July 8th were paid a dividend of $0.355 per share. This is a positive change from John Wiley & Sons's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $1.42 annualized dividend and a yield of 3.7%. John Wiley & Sons's payout ratio is presently 92.81%.

Institutional Investors Weigh In On John Wiley & Sons

An institutional investor recently bought a new position in John Wiley & Sons stock. Gabelli Funds LLC purchased a new stake in John Wiley & Sons, Inc. (NYSE:WLYB - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 4,500 shares of the company's stock, valued at approximately $201,000. Institutional investors own 0.49% of the company's stock.

John Wiley & Sons Company Profile

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.