Bridgepoint Education Incorporated (NYSE:BPI) Sellers Covered 10.61% of Their Shorts

The stock of Bridgepoint Education Incorporated (NYSE:BPI) registered a decrease of 10.61% in short interest. BPI’s total short interest was 1.12M shares in March as published by FINRA. Its down 10.61% from 1.25M shares, reported previously. With 91,400 shares average volume, it will take short sellers 12 days to cover their BPI’s short positions. The short interest to Bridgepoint Education Incorporated’s float is 6.53%. The stock is up 33.97% or $2.3 after the news, hitting $9.07 per share. About 772,011 shares traded hands or 770.01% up from the average. Bridgepoint Education Inc (NYSE:BPI) has declined 27.13% since August 3, 2015 and is downtrending. It has underperformed by 21.46% the S&P500.

Bridgepoint Education, Inc. is a well-known provider of postsecondary education services. The company has a market cap of $408.02 million. The Company’s academic institutions include Ashford University and University of the Rockies are academic institutions that offer associate’s, bachelor’s, master’s and doctoral programs online, as well as at the traditional campuses located in Iowa and Colorado, respectively. It currently has negative earnings. Bridgepoint’s institutions conduct ongoing faculty and student assessment processes and provide a range of student services.

The institutional sentiment decreased to 1 in Q3 2015. Its down 0.30, from 1.3 in 2015Q2. The ratio dropped, as 15 funds sold all Bridgepoint Education Inc shares owned while 21 reduced positions. 7 funds bought stakes while 29 increased positions. They now own 49.56 million shares or 17.38% more from 42.23 million shares in 2015Q2.

Mangrove Partners holds 3.02% of its portfolio in Bridgepoint Education Inc for 1.73 million shares. Warburg Pincus Llc owns 27.71 million shares or 2.66% of their US portfolio. Moreover, Nantahala Capital Management Llc has 1.98% invested in the company for 1.91 million shares. The California-based Callan Capital Llc has invested 0.21% in the stock. State Treasurer State Of Michigan, a Michigan-based fund reported 2.00 million shares.

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