Legacy Education Inc. (NYSEAMERICAN:LGCY) Short Interest Down 22.3% in March

Key Points

• Short interest fell 22.3% as of March 31 to 52,095 shares (about 0.5% of the stock), leaving a short-interest ratio of 1.5 days based on average daily volume of 34,247 shares.
• Legacy reported quarterly EPS of $0.15 on $19.18 million in revenue with a net margin of 11.02% and ROE of 19.46%; shares trade near $13.79 (market cap ~$173.9M, P/E ~22.6) and sit close to their 1‑year high of $14.70.

Legacy Education Inc. (NYSEAMERICAN:LGCY - Get Free Report) saw a large decline in short interest in March. As of March 31st, there was short interest totaling 52,095 shares, a decline of 22.3% from the March 15th total of 67,068 shares. Approximately 0.5% of the company's stock are sold short. Based on an average daily volume of 34,247 shares, the short-interest ratio is presently 1.5 days.

Legacy Education Price Performance

Shares of Legacy Education stock opened at $13.79 on Wednesday. The stock has a market cap of $173.89 million, a price-to-earnings ratio of 22.61 and a beta of 2.81. The firm's 50-day moving average is $12.73 and its 200 day moving average is $10.82. Legacy Education has a 1 year low of $6.01 and a 1 year high of $14.70.

Legacy Education (NYSEAMERICAN:LGCY - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $19.18 million for the quarter. Legacy Education had a net margin of 11.02% and a return on equity of 19.46%.

Legacy Education Company Profile

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. HDMC offers the following certificate or degree programs: ultrasound technician (“UT”), vocational nursing (“VN”), VN Associate of Applied Science, Associate Degree of Nursing, nursing assistant, Magnetic Resonance Imaging (“MRI”) Associate of Applied Science, cardiac sonography, pharmacy technician, dental assisting, clinical medical assisting and medical administrative assisting programs (including medical billing and coding programs), veterinary assistant, UT Associate of Applied Science degree, phlebotomy technician and nursing assistant avocational courses, and a number of continuing education programs.

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