One of the most shorted stocks on the market (74 percent of the float) is on track to be the biggest loser of the day. Shares of ITT Educational Services ESI are down 30 percent after disclosing that the sale of its leaseback agreement has been terminated.
The educational services industry has been smashed on the news. This gives traders and investors opportunity to profit as valuations are reassessed.
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Stocks In Play
Corinthian Colleges COCO shares are down 10 percent.
GP Strategies GPX shares are down 3.2 percent.
Universal Technical Institute UTI shares are down 1.7 percent.
New Oriental Education EDU shares are down 1.8 percent.
Apollo Education APOL shares are down 0.65 percent.
Tarena International TEDU shares are up 0.84 percent.
DeVry Education DV shares are up 0.54 percent.
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