Legacy Education Inc. (NYSEAMERICAN:LGCY) Sees Significant Increase in Short Interest

Key Points

• Legacy Education Inc. reported a 79.9% increase in short interest in September, with a total of 229,500 shares short sold as of September 30th.
• The stock's days-to-cover ratio is 2.2 days, indicating a relatively high level of short selling activity compared to the average daily trading volume.
• As of the latest trading session, Legacy Education shares were priced at $9.80, reflecting a modest 0.5% increase on the day.

Legacy Education Inc. (NYSEAMERICAN:LGCY - ) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 229,500 shares, an increase of 79.9% from the September 15th total of 127,600 shares. Based on an average daily volume of 104,900 shares, the days-to-cover ratio is presently 2.2 days. Approximately 2.7% of the shares of the stock are short sold. Approximately 2.7% of the shares of the stock are short sold. Based on an average daily volume of 104,900 shares, the days-to-cover ratio is presently 2.2 days.

Legacy Education Trading Up 0.5%

Shares of LGCY stock traded up $0.05 on Tuesday, reaching $9.80. 14,904 shares of the stock were exchanged, compared to its average volume of 80,106. The stock has a market cap of $123.09 million and a PE ratio of 16.07. Legacy Education has a one year low of $4.74 and a one year high of $13.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.69 and a quick ratio of 2.69. The stock has a 50 day moving average price of $11.47 and a 200 day moving average price of $9.58.

About Legacy Education

The Company owns and operates the following career institutions that focus on real-life training by utilizing educational practices in different job markets: High Desert Medical College (“HDMC”), Central Coast College (“CCC”), and Integrity College of Health (“Integrity”). HDMC has three campuses located in Lancaster, California, Bakersfield, California and Temecula, California.

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