The E.W. Scripps Company (NASDAQ:SSP) Short Interest Up 19.7% in March

The E.W. Scripps Company (NASDAQ:SSP - Get Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 3,160,000 shares, a growth of 19.7% from the March 15th total of 2,640,000 shares. Based on an average trading volume of 1,220,000 shares, the short-interest ratio is presently 2.6 days. Currently, 3.8% of the company's stock are sold short.

E.W. Scripps Stock Up 0.2 %

E.W. Scripps stock traded up $0.01 during mid-day trading on Friday, reaching $2.12. The company's stock had a trading volume of 77,567 shares, compared to its average volume of 916,090. The business's 50 day simple moving average is $2.27 and its 200 day simple moving average is $2.25. The company has a debt-to-equity ratio of 3.41, a quick ratio of 1.34 and a current ratio of 1.34. E.W. Scripps has a 12 month low of $1.36 and a 12 month high of $4.65. The company has a market capitalization of $183.37 million, a price-to-earnings ratio of -0.68 and a beta of 0.92.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Marshall Wace LLP increased its holdings in E.W. Scripps by 112.5% during the fourth quarter. Marshall Wace LLP now owns 1,055,343 shares of the company's stock worth $2,332,000 after buying an additional 558,818 shares during the last quarter. Brevan Howard Capital Management LP bought a new stake in shares of E.W. Scripps in the 4th quarter valued at about $1,215,000. CastleKnight Management LP lifted its stake in E.W. Scripps by 752.6% in the 4th quarter. CastleKnight Management LP now owns 558,588 shares of the company's stock valued at $1,234,000 after purchasing an additional 493,073 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in E.W. Scripps by 428.7% during the fourth quarter. JPMorgan Chase & Co. now owns 497,862 shares of the company's stock worth $1,100,000 after purchasing an additional 403,691 shares during the period. Finally, Barclays PLC increased its position in E.W. Scripps by 1,643.5% during the third quarter. Barclays PLC now owns 418,588 shares of the company's stock worth $941,000 after buying an additional 394,580 shares during the last quarter. 67.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Benchmark increased their target price on E.W. Scripps from $7.00 to $8.00 and gave the stock a "buy" rating in a report on Thursday, March 13th.

E.W. Scripps Company Profile

The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local television stations, national news, and entertainment networks in the United States. It operates through Local Media, Scripps Networks, and Other segments. The Local Media segment operates broadcast television stations, which produce news, information, sports, and entertainment content, as well as its related digital operations; runs network, syndicated, and original programming, and local sporting events; and provides core and political advertising services.