Stock of the day: ITT Educational Services Inc

ITT Educational Services Inc (NYSE:ESI), the U.S. based for-profit educational organisation, last week reported a decline in first-quarter earnings by 2.4%. The company has predicted year-to-year declines for every quarter this year as new student enrolments fell by 5.6% compared with 22% growth a year earlier, reported The Wall Street Journal. Short interest has been building in the stock since early February, rising from 16% to 20% of total shares outstanding on loan. Currently, over half of the lendable supply is currently out on loan.