Education Stocks Crushed (DV, APOL, LOPE, CECO)

A number of education stocks have fallen precipitously on heavy volume on Friday. Many of these stocks have heavy short interest and have been in the crosshairs of some short-selling hedge funds for some time. DeVry Inc. DV has lost 5.73% to $48.04. Year to date, the shares have lost 15.32%. DV did not have a large percentage of its float sold short as of July 15th. Apollo Group APOL has fallen 1.98% to $41.98. APOL had around 9% of its float sold short as of the middle of July. Grand Canyon Education LOPE has plunged 9.45% to $20.80 on the day. More than 15% of this stock's float has been sold short. Career Education Corp. CECO has lost 6.12% on Friday. This stock has been heavily targeted by short sellers with more than 16% of its float sold short as of July 15th.