The Company is a for-profit provider of postsecondary education in the United States. It offers diploma and associate, bachelor and master degree programs at a number of institutes.
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ITT Educational Services, Inc. (ESI) has a short interest of 46% and is down 30% over the last three months – ITT is under pressure due to new regulations, reduced government funding for Pell Grants, and gradual improvement in the job market, as well as by its relatively high tuition rates. The company’s operating and net margins have narrowed after years of solid gains, which may signify market saturation and the need for a new approach to attract prospective students.