What Will Happen to Monotype Imaging Holdings Inc (NASDAQ:TYPE) Next? The Stock Has Decline in Shorts

March 14, 2018 - By Darrin Black

 What Will Happen to Monotype Imaging Holdings Inc (NASDAQ:TYPE) Next? The Stock Has Decline in Shorts

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.66, from 1.53 in 2017Q2. It turned negative, as 16 investors sold Monotype Imaging Holdings Inc. shares while 44 reduced holdings. 17 funds opened positions while 35 raised stakes. 38.02 million shares or 1.27% more from 37.54 million shares in 2017Q2 were reported.
Cwm Ltd Liability Co holds 0.13% or 137,798 shares in its portfolio. Quantbot Lp reported 0% in Monotype Imaging Holdings Inc. (NASDAQ:TYPE). Martingale Asset Management Ltd Partnership holds 85,514 shares. Barclays Pcl holds 0% in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) or 4,351 shares. Retail Bank Of Ny Mellon Corporation, a New York-based fund reported 640,270 shares. Fmr Ltd holds 1.48M shares or 0% of its portfolio. First Tru Advisors Ltd Partnership reported 16,800 shares. Texas Permanent School Fund invested in 30,455 shares or 0.01% of the stock. California State Teachers Retirement Sys has invested 0% in Monotype Imaging Holdings Inc. (NASDAQ:TYPE). 11,400 were accumulated by Teachers Retirement Systems Of The State Of Kentucky. Arizona State Retirement reported 21,600 shares. Bahl And Gaynor Inc reported 70,585 shares or 0.01% of all its holdings. Northern Trust stated it has 0% of its portfolio in Monotype Imaging Holdings Inc. (NASDAQ:TYPE). Citigroup Inc invested in 0% or 46,751 shares. Envestnet Asset has 10,879 shares for 0% of their portfolio.

Since January 11, 2018, it had 0 buys, and 2 selling transactions for $79,675 activity.

The stock of Monotype Imaging Holdings Inc (NASDAQ:TYPE) registered a decrease of 15.09% in short interest. TYPE’s total short interest was 684,800 shares in March as published by FINRA. Its down 15.09% from 806,500 shares, reported previously. With 161,700 shares average volume, it will take short sellers 4 days to cover their TYPE’s short positions. The short interest to Monotype Imaging Holdings Inc’s float is 2.29%.

The stock decreased 0.92% or $0.225 during the last trading session, reaching $24.225. About 98,360 shares traded. Monotype Imaging Holdings Inc. (NASDAQ:TYPE) has declined 15.71% since March 14, 2017 and is downtrending. It has underperformed by 32.41% the S&P500.

Monotype Imaging Holdings Inc. develops, markets, and licenses technologies and fonts in the United States, the United Kingdom, Germany, Japan, and rest of Asia. The company has market cap of $965.21 million. The firm offers font products, including its own fonts from the Monotype Libraries, as well as fonts from third parties through its e-commerce Websites, including myfonts.com, fonts.com, fontshop.com, and linotype.com. It has a 90.39 P/E ratio. It also provides font scaling engine and font compression technologies that are compatible with virtually font formats and industry standards, including the PostScript and PCL printing languages; font solutions for consumer device manufacturers, including Edge and SmartHint technologies for precise pixel adjustments to enable fonts to display with optimal quality in suboptimal display environments; printer driver kits; and fonts for printer manufacturers.

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

Among 7 analysts covering Monotype Imaging Holdings (NASDAQ:TYPE), 4 have Buy rating, 2 Sell and 1 Hold. Therefore 57% are positive. Monotype Imaging Holdings had 8 analyst reports since September 8, 2015 according to SRatingsIntel. On Tuesday, December 12 the stock rating was downgraded by J.P. Morgan to “Sell”. The stock of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) earned “Sell” rating by Zacks on Tuesday, September 8. The rating was upgraded by B. Riley & Co to “Buy” on Tuesday, February 20. The rating was maintained by Dougherty & Company on Friday, February 12 with “Buy”. On Wednesday, May 25 the stock rating was initiated by Ladenburg Thalmann with “Buy”. The firm earned “Buy” rating on Tuesday, February 20 by FBR Capital. JP Morgan upgraded the stock to “Neutral” rating in Thursday, January 12 report.

Another recent and important Monotype Imaging Holdings Inc. (NASDAQ:TYPE) news was published by Bloomberg.com which published an article titled: “Starboard Blames Monotype Buying Spree for Lost Value” on February 13, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.