Townsquare Media, Inc. (NYSE:TSQ) Short Interest Up 29.0% in May

Townsquare Media, Inc. (NYSE:TSQ - Get Free Report) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 361,100 shares, an increase of 29.0% from the April 30th total of 279,900 shares. Currently, 2.9% of the company's shares are sold short. Based on an average trading volume of 68,500 shares, the days-to-cover ratio is presently 5.3 days.

Institutional Investors Weigh In On Townsquare Media

A number of hedge funds and other institutional investors have recently modified their holdings of TSQ. Two Sigma Advisers LP raised its holdings in Townsquare Media by 130.7% in the 4th quarter. Two Sigma Advisers LP now owns 103,600 shares of the company's stock valued at $942,000 after acquiring an additional 58,700 shares during the last quarter. Northern Trust Corp grew its holdings in Townsquare Media by 25.1% in the fourth quarter. Northern Trust Corp now owns 144,847 shares of the company's stock valued at $1,317,000 after purchasing an additional 29,019 shares during the period. Marshall Wace LLP acquired a new position in Townsquare Media during the fourth quarter worth approximately $369,000. Russell Investments Group Ltd. boosted its holdings in shares of Townsquare Media by 1,086.0% in the 4th quarter. Russell Investments Group Ltd. now owns 8,409 shares of the company's stock valued at $76,000 after purchasing an additional 7,700 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in shares of Townsquare Media during the 4th quarter valued at $69,000. 71.69% of the stock is currently owned by hedge funds and other institutional investors.

Townsquare Media Trading Up 0.5%

Shares of Townsquare Media stock traded up $0.04 during trading on Thursday, reaching $6.99. The company's stock had a trading volume of 63,131 shares, compared to its average volume of 60,969. Townsquare Media has a fifty-two week low of $6.47 and a fifty-two week high of $12.32. The firm has a market cap of $114.25 million, a PE ratio of -2.58, a P/E/G ratio of 0.58 and a beta of 1.08. The company has a 50-day moving average price of $7.02 and a two-hundred day moving average price of $8.40.

Townsquare Media (NYSE:TSQ - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.05) EPS for the quarter, hitting analysts' consensus estimates of ($0.05). The company had revenue of $98.68 million during the quarter, compared to the consensus estimate of $98.50 million. Townsquare Media had a negative net margin of 8.84% and a negative return on equity of 57.10%. On average, analysts predict that Townsquare Media will post 1.07 earnings per share for the current fiscal year.

Townsquare Media Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 11.45%. The ex-dividend date of this dividend is Friday, July 18th. Townsquare Media's payout ratio is -60.15%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Noble Financial reaffirmed a "buy" rating and issued a $21.00 price objective on shares of Townsquare Media in a research note on Friday, May 9th. Barrington Research cut their price target on shares of Townsquare Media from $15.00 to $13.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Finally, Wall Street Zen lowered shares of Townsquare Media from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 16th.

Townsquare Media Company Profile

Townsquare Media, Inc operates as a digital media and marketing solutions company in small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment offers website design, creation, and development, as well as hosting services; and search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, and email and SMS marketing services.