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Prices & Quotes - UK Markets - Pearson (PSON)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 805.80p
Change Today:
8.40p
Market Cap:
6,074m
Sector:
Media

Heavily-shorted Pearson, Cineworld surge

By Michele Maatouk

Date: Wednesday 27 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Shares of education publisher Pearson surged on Wednesday, with traders pointing to a short squeeze.
At 1020 GMT, the shares were up 11.8% at 851.20p.

CMC Markets analyst David Madden said: "There is no new news about the publishing company but it is known that a relatively large amount of the stock has been shorted, so it is possible that we are witnessing a major short squeeze.

"Recently, the US group GameStop, has undergone erratic moves as there is a tussle between short sellers and buyers. It might be the case that funds are flowing into Pearson to shake out some of the short sellers."

Other heavily-shorted stocks were also on the rise, with French real estate investment trust Klepierre and commercial real estate company Unibail-Rodamco up 17% and 13%, respectively. Polish video game developer CD Projekt and cinema chain Cineworld, which are also heavily shorted, 7.8% and 14% firmer, respectively.

GameStop shares rose a whopping 116% in pre-market trade.

Neil Wilson, chief market analyst at Markets.com, said: "I would be careful about seeing this as a case of the Reddit crowd finding new targets right now. It is likely down to short covering as hedge funds back out of their positions in light of what has happened to heavily shorted stocks like GameStop.

"This is very much about managing risk. Given the situation across the pond vis--vis Merlin, I would think all hedge funds are taking a good hard look at all their short positions and deciding whether they are worth it. Shorting can result in potentially infinite losses, so the risk management is always against you if the flows are there from buyers. As a result of the short covering, or rather in anticipation of it, some traders (maybe some on Reddit, who knows?) may be front-running and contributing to the pump."

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Pearson Market Data

Currency UK Pounds
Price 805.80p
Change Today 8.40p
52 Week High 867.80p
52 Week Low 423.50p
Volume 1,053,406
Shares Issued 753.73m
Market Cap 6,074m
Beta 0.01

Performance Indicators

Compare performance with the sector and the market.

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Income
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Dividend Yield
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EPS Growth
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Operating Margin
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What The Brokers Say

Strong Buy 2
Buy 0
Neutral 7
Sell 0
Strong Sell 6
Total 15
sell
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Pearson Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Mar-21 13-Aug-20
Paid 07-May-21 21-Sep-20
Amount 13.50p 6.00p

Trades for 09-Apr-2021

Time Volume / Share Price
16:35 591,580 @ 805.80p
16:29 77 @ 807.80p
16:29 33 @ 807.80p
16:29 300 @ 808.00p
16:29 17 @ 807.80p

Pearson Key Personnel

Chair Sidney Taurel
CEO Andy Bird