Paramount Skydance Corporation (NASDAQ:PSKY) Short Interest Update

Key Points

• Short interest jumped 15.5% in April to 88,743,958 shares (about 8.0% of the stock) with a short-interest ratio of 6.2 days based on average daily volume.
• The company missed quarterly EPS (−$0.12 vs. −$0.02 expected) and slightly missed revenue estimates, and the stock trades around $10.24 with a market cap of $11.38 billion while analysts' average rating is "Reduce" and average price target is $12.85.
• Paramount Skydance announced a $0.05 quarterly dividend (2.0% yield) and remains heavily institutionally owned (73%), with several funds increasing positions—including LTS Liquid Investments adding 2.03 million shares.

Paramount Skydance Corporation (NASDAQ:PSKY - Get Free Report) saw a significant increase in short interest in April. As of April 15th, there was short interest totaling 88,743,958 shares, an increase of 15.5% from the March 31st total of 76,827,278 shares. Based on an average daily trading volume, of 14,317,741 shares, the short-interest ratio is currently 6.2 days. Currently, 8.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC increased its holdings in shares of Paramount Skydance by 8.6% during the first quarter. Hsbc Holdings PLC now owns 592,587 shares of the company's stock worth $5,356,000 after buying an additional 47,011 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Paramount Skydance by 14.6% during the first quarter. Kestra Advisory Services LLC now owns 14,130 shares of the company's stock worth $127,000 after buying an additional 1,805 shares in the last quarter. Personal CFO Solutions LLC increased its holdings in shares of Paramount Skydance by 20.7% during the first quarter. Personal CFO Solutions LLC now owns 34,945 shares of the company's stock worth $317,000 after buying an additional 5,995 shares in the last quarter. LTS Liquid Investments LLC increased its holdings in shares of Paramount Skydance by 68.7% during the first quarter. LTS Liquid Investments LLC now owns 2,030,591 shares of the company's stock worth $18,316,000 after buying an additional 827,248 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of Paramount Skydance during the first quarter worth $125,000. 73.00% of the stock is currently owned by institutional investors and hedge funds.

Paramount Skydance Stock Down 1.0%

Shares of PSKY opened at $10.24 on Friday. Paramount Skydance has a one year low of $8.61 and a one year high of $20.86. The company has a market cap of $11.38 billion, a P/E ratio of 16.25, a P/E/G ratio of 0.52 and a beta of 1.37. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.26 and a quick ratio of 1.12. The firm has a 50 day simple moving average of $10.51 and a two-hundred day simple moving average of $12.65.

Paramount Skydance (NASDAQ:PSKY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.10). The company had revenue of $8.15 billion for the quarter, compared to analyst estimates of $8.17 billion. Paramount Skydance had a positive return on equity of 3.82% and a negative net margin of 2.15%. Research analysts forecast that Paramount Skydance will post 0.79 EPS for the current fiscal year.

Paramount Skydance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, June 15th. This represents a $0.20 annualized dividend and a dividend yield of 2.0%. Paramount Skydance's dividend payout ratio is 31.75%.

Analysts Set New Price Targets

PSKY has been the subject of several research analyst reports. TD Cowen lowered their price objective on shares of Paramount Skydance from $15.00 to $13.00 and set a "hold" rating for the company in a research report on Thursday, February 26th. Wells Fargo & Company lowered their price objective on shares of Paramount Skydance from $10.00 to $8.00 and set an "underweight" rating for the company in a research report on Thursday, April 2nd. Weiss Ratings restated a "sell (d-)" rating on shares of Paramount Skydance in a research report on Friday, March 27th. Bank of America lowered their price objective on shares of Paramount Skydance from $13.00 to $11.00 and set an "underperform" rating for the company in a research report on Tuesday, March 10th. Finally, Zacks Research upgraded shares of Paramount Skydance from a "strong sell" rating to a "hold" rating in a research report on Friday, February 6th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and eight have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Reduce" and an average price target of $12.85.

Paramount Skydance Company Profile

Paramount Skydance Media Group Nasdaq: PSKY is a media and entertainment company created through the proposed combination of Paramount Global’s filmed entertainment and streaming operations with Skydance Media, a privately held content studio. The combined business will encompass the development, production and distribution of feature films, television programming and digital content, drawing on a library of legacy Paramount Pictures franchises alongside Skydance’s blockbuster tentpoles and animation slate.

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