Time to Reconsider Monotype Imaging Holdings Inc (NASDAQ:TYPE) After Less Short Sellers?

June 13, 2018 - By Hazel Jackson

Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Logo

Investors sentiment increased to 1.66 in Q1 2018. Its up 0.55, from 1.11 in 2017Q4. It increased, as 19 investors sold Monotype Imaging Holdings Inc. shares while 28 reduced holdings. 31 funds opened positions while 47 raised stakes. 37.05 million shares or 0.85% more from 36.73 million shares in 2017Q4 were reported.
California Employees Retirement holds 0% of its portfolio in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) for 40,114 shares. Moreover, Bancshares Of America Corporation De has 0% invested in Monotype Imaging Holdings Inc. (NASDAQ:TYPE). Barclays Public Ltd Company reported 26,869 shares. Envestnet Asset owns 1,197 shares or 0% of their US portfolio. State Board Of Administration Of Florida Retirement Sys has invested 0% in Monotype Imaging Holdings Inc. (NASDAQ:TYPE). Jpmorgan Chase owns 176,050 shares or 0% of their US portfolio. Legal & General Grp Plc reported 87,534 shares. Hotchkis And Wiley Capital Management Ltd Liability owns 0% invested in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) for 34,061 shares. Tiaa Cref Mgmt Ltd Liability reported 98,846 shares stake. Bessemer Group reported 46,700 shares. Great West Life Assurance Can holds 0% or 56,341 shares. Fmr Limited Liability Com holds 0% of its portfolio in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) for 1.87M shares. Advisory Ser Lc holds 0% or 1,191 shares. Mackay Shields Limited accumulated 0% or 17,700 shares. Rhumbline Advisers owns 0% invested in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) for 97,695 shares.

Since January 11, 2018, it had 0 insider purchases, and 9 selling transactions for $2.48 million activity. On Thursday, January 11 the insider Dunlap Janet M sold $50,000. $21,000 worth of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) was sold by Semmes Benjamin W.L. III on Tuesday, May 15. Zucker Brett Scott sold 1,000 shares worth $22,300.

The stock of Monotype Imaging Holdings Inc (NASDAQ:TYPE) registered a decrease of 34.69% in short interest. TYPE’s total short interest was 550,400 shares in June as published by FINRA. Its down 34.69% from 842,700 shares, reported previously. With 293,200 shares average volume, it will take short sellers 2 days to cover their TYPE’s short positions. The short interest to Monotype Imaging Holdings Inc’s float is 1.84%.

It closed at $22 lastly. It is down 10.28% since June 13, 2017 and is uptrending. It has underperformed by 2.29% 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 $885.66 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 82.09 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 2 analysts covering Monotype (NASDAQ:TYPE), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Monotype has $31.0 highest and $3100 lowest target. $31’s average target is 40.91% above currents $22 stock price. Monotype had 3 analyst reports since February 20, 2018 according to SRatingsIntel. The rating was upgraded by B. Riley & Co to “Buy” on Tuesday, February 20. FBR Capital upgraded Monotype Imaging Holdings Inc. (NASDAQ:TYPE) rating on Tuesday, February 20. FBR Capital has “Buy” rating and $31.0 target. The rating was maintained by FBR Capital on Tuesday, June 12 with “Buy”.

More recent Monotype Imaging Holdings Inc. (NASDAQ:TYPE) news were published by: Businesswire.com which released: “Introducing the Walbaum Typeface: the Restoration of a Warm and Stylish Serif Design That Has Nearly Limitless …” on June 12, 2018. Also Businesswire.com published the news titled: “Annual B. Riley FBR Investor Conference” on May 16, 2018. Businesswire.com‘s news article titled: “Monotype to Present at Baird’s 2018 Global Consumer, Technology & Services Conference” with publication date: June 04, 2018 was also an interesting one.

Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Institutional Positions Chart

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