Short Interest of The Day: Could Monotype Imaging Holdings Incorporated (NASDAQ:TYPE) Change Direction After Less Shorts?

November 18, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest of The Day: Could Monotype Imaging Holdings Incorporated (NASDAQ:TYPE) Change Direction After Less Shorts?

The stock of Monotype Imaging Holdings Incorporated (NASDAQ:TYPE) registered a decrease of 2.54% in short interest. TYPE’s total short interest was 425,600 shares in November as published by FINRA. Its down 2.54% from 436,700 shares, reported previously. With 182,700 shares average volume, it will take short sellers 2 days to cover their TYPE’s short positions. The short interest to Monotype Imaging Holdings Incorporated’s float is 1.1%. About 54,091 shares traded hands. Monotype Imaging Holdings Inc. (NASDAQ:TYPE) has declined 15.54% since April 18, 2016 and is downtrending. It has underperformed by 19.97% the S&P500.

Monotype Imaging Holdings Inc. is a well-known provider of type and technology for applications and consumer devices. The company has a market cap of $793.24 million. The Company’s business segment operates through development, marketing and licensing of technologies and fonts. It has a 41.11 P/E ratio. The Company’s business includes Creative Professional and original equipment maker (OEM).

Insitutional Activity: The institutional sentiment increased to 2.16 in Q2 2016. Its up 0.02, from 2.14 in 2016Q1. The ratio increased, as 10 funds sold all Monotype Imaging Holdings Inc. shares owned while 33 reduced positions. 17 funds bought stakes while 75 increased positions. They now own 36.91 million shares or 1.92% less from 37.63 million shares in 2016Q1.
Renaissance Technology Limited Liability Corp holds 0.06% of its portfolio in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) for 1.29 million shares. Raymond James And Assocs last reported 0% of its portfolio in the stock. Blackrock Advisors Ltd has 145,720 shares for 0% of their US portfolio. Tci Wealth Advisors last reported 28 shares in the company. Morgan Stanley holds 0% or 226,918 shares in its portfolio. First Republic Invest Management last reported 8,287 shares in the company. Hcsf Mngmt Ltd Com has 5.98% invested in the company for 316,424 shares. Pnc Grp has 230 shares for 0% of their US portfolio. Moreover, Credit Suisse Ag has 0% invested in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) for 37,194 shares. Copeland Capital Lc has 0.87% invested in the company for 513,756 shares. The New York-based Tiaa Cref Invest Ltd Llc has invested 0% in Monotype Imaging Holdings Inc. (NASDAQ:TYPE). Punch And Investment Management has invested 0.95% of its portfolio in Monotype Imaging Holdings Inc. (NASDAQ:TYPE). Moreover, Amer Interest Gp has 0% invested in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) for 30,210 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 885 shares or 0% of its portfolio. Neuberger Berman Group Inc Limited Com accumulated 0.13% or 3.93 million shares.

Insider Transactions: Since June 9, 2016, the stock had 3 buys, and 11 selling transactions for $1.23 million net activity. $42,920 worth of shares were sold by Martin Steven R on Monday, August 15. LENEHAN PAMELA F also sold $46,720 worth of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) on Wednesday, June 15. Dunlap Janet M also sold $76,550 worth of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) on Tuesday, July 12. 12,500 shares with value of $256,125 were bought by Semmes Benjamin W.L. III on Monday, August 1. Landers Scott E bought $67,080 worth of stock or 3,285 shares. Shaw Douglas J sold $522,408 worth of stock or 25,000 shares. On Tuesday, June 14 the insider Seguin John L sold $13,033.

Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Ratings Coverage

Out of 3 analysts covering Monotype Imaging Holdings (NASDAQ:TYPE), 2 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 67% are positive. Monotype Imaging Holdings has been the topic of 3 analyst reports since September 8, 2015 according to StockzIntelligence Inc. On Wednesday, May 25 the stock rating was initiated by Ladenburg Thalmann with “Buy”. On Tuesday, September 8 the stock rating was downgraded by Zacks to “Sell”. The stock has “Buy” rating given by Dougherty & Company on Friday, February 12.

TYPE Company Profile

Monotype Imaging Holdings Inc. (Monotype), incorporated on August 11, 2005, is a well-known provider of type and technology for applications and consumer devices. The Company’s business segment operates through development, marketing and licensing of technologies and fonts. The Company’s business includes Creative Professional and original equipment maker (OEM). For Creative Professional market, the Company provides content across multiple devices and mediums. It offers products, such as Type, which include Monotype Libraries, Monotype, Linotype, FontFont, ITC, Ascender and Bitstream collections; e-commerce Websites; Fonts.com Web Fonts service, and font solutions. For OEM market, the Company offers solutions for consumer device manufacturers and independent software vendors (ISVs). It offers technologies, such as screen imaging technologies, printer imaging technologies, creative tools, cloud technology platform and font management. The Company’s solutions are licensed through the Company’s direct sales channel, as well as its e-commerce platforms and indirect sales channels. The Firm works with a range of customers, including brands, agencies, publishers, firms, enterprises, small businesses and individuals.

More important recent Monotype Imaging Holdings Inc. (NASDAQ:TYPE) news were published by: Businesswire.com which released: “Monotype to Host Investor Day on November 30 in New York City” on November 10, 2016, also Businesswire.com published article titled: “Monotype to Present at the UBS Global Technology Conference”, Nasdaq.com published: “Monotype Imaging Holdings Inc. (TYPE) Ex-Dividend Date Scheduled for September …” on September 28, 2016. More interesting news about Monotype Imaging Holdings Inc. (NASDAQ:TYPE) was released by: Forbes.com and their article: “Ex-Dividend Reminder: EMC, Monotype Imaging Holdings and General Dynamics” with publication date: June 27, 2016.

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By Winifred Garcia


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