Short Interest in DallasNews Corporation (NASDAQ:DALN) Expands By 59.8%

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) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 53,700 shares, a growth of 59.8% from the August 15th total of 33,600 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily volume of 156,200 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 156,200 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.3% of the shares of the company are sold short.

DallasNews Trading Up 3.8%

Shares of NASDAQ:DALN traded up $0.59 during mid-day trading on Friday, reaching $15.96. The company had a trading volume of 384,243 shares, compared to its average volume of 62,579. The firm has a market cap of $85.39 million, a price-to-earnings ratio of -16.45 and a beta of 0.66. The company's 50-day moving average price is $14.81 and its 200-day moving average price is $8.28. DallasNews has a one year low of $3.66 and a one year high of $16.25.

DallasNews (NASDAQ:DALN - Get Free Report) last posted 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 negative net margin of 4.26% and a positive return on equity of 150.61%.

Institutional Investors Weigh In On DallasNews

Hedge funds and other institutional investors have recently bought and sold shares of the business. North Capital Inc. bought a new stake in DallasNews during the 1st quarter valued at $32,000. Teton Advisors Inc. bought a new stake in DallasNews during the 1st quarter valued at $46,000. Virtu Financial LLC bought a new stake in DallasNews during the 1st quarter valued at $48,000. Gamco Investors INC. ET AL raised its holdings in DallasNews by 6.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 38,400 shares of the company's stock valued at $175,000 after acquiring an additional 2,400 shares during the period. Finally, Geode Capital Management LLC raised its holdings in DallasNews by 2.8% during the 2nd quarter. Geode Capital Management LLC now owns 49,474 shares of the company's stock valued at $213,000 after acquiring an additional 1,346 shares during the period. Institutional investors own 27.19% of the company's stock.

DallasNews Company Profile

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.