DallasNews Corporation (NASDAQ:DALN) Short Interest Up 59.8% in August

Key Points

• Short interest in DallasNews Corporation rose by 59.8% in August, increasing from 33,600 shares to 53,700 shares.
• DallasNews stock price increased by 10.8%, reaching $15.84, with a market cap of $84.74 million.
• Institutional investors now own 27.19% of DallasNews shares, with several firms acquiring new stakes in the company during the first quarter.

DallasNews Corporation (NASDAQ:DALN - Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 53,700 shares, an increase of 59.8% from the August 15th total of 33,600 shares. Based on an average trading volume of 156,200 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.3% of the shares of the company are sold short. Currently, 1.3% of the shares of the company are sold short. Based on an average trading volume of 156,200 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of DallasNews

Several institutional investors have recently modified their holdings of DALN. Virtu Financial LLC acquired a new stake in shares of DallasNews in the first quarter valued at $48,000. Teton Advisors Inc. acquired a new stake in DallasNews during the 1st quarter worth about $46,000. North Capital Inc. purchased a new stake in shares of DallasNews in the 1st quarter valued at approximately $32,000. Cambiar Investors LLC grew its position in DallasNews by 6.3% during the 1st quarter. Cambiar Investors LLC now owns 50,061 shares of the company's stock worth $228,000 after purchasing an additional 2,977 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in DallasNews by 6.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 38,400 shares of the company's stock worth $175,000 after acquiring an additional 2,400 shares in the last quarter. Institutional investors and hedge funds own 27.19% of the company's stock.

DallasNews Stock Up 10.8%

DALN stock traded up $1.55 during trading on Monday, reaching $15.84. 304,054 shares of the company's stock were exchanged, compared to its average volume of 52,211. The firm has a market cap of $84.74 million, a PE ratio of 2.54 and a beta of 0.66. DallasNews has a 1-year low of $3.66 and a 1-year high of $16.10. The company's fifty day moving average price is $14.05 and its 200-day moving average price is $7.98.

DallasNews (NASDAQ:DALN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.34 EPS for the quarter. The company had revenue of $29.77 million for the quarter. DallasNews had a positive return on equity of 150.61% and a negative net margin of 4.26%.

About DallasNews

DallasNews Corporation, together with its subsidiaries, publishes and sells newspapers in Texas. The company operates The Dallas Morning News, a newspaper; dallasnews.com a digital platform; The News, a metropolitan newspaper; and Al Dia, an online Spanish-language newspapers. It also offers digital advertising and marketing services, such as strategic marketing services, consulting, branding, paid media strategy and management, creative services, search optimization, direct mail, and sale of promotional materials, as well as provides multi-channel marketing solutions through subscription sales of the company's cloud-based software.

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