DallasNews Co. (NASDAQ:DALN – Get Free Report) saw a significant drop in short interest in February. As of February 15th, there was short interest totalling 155,100 shares, a drop of 13.5% from the January 31st total of 179,300 shares. Based on an average trading volume of 61,300 shares, the short-interest ratio is presently 2.5 days. Currently, 3.8% of the company’s stock are short sold.
DallasNews Stock Down 2.3 %
Shares of DALN opened at $6.24 on Thursday. The company has a market cap of $33.40 million, a price-to-earnings ratio of -5.57 and a beta of 0.52. DallasNews has a twelve month low of $2.98 and a twelve month high of $7.86. The company has a 50 day moving average of $6.70 and a two-hundred day moving average of $5.52.
Institutional Investors Weigh In On DallasNews
A hedge fund recently raised its stake in DallasNews stock. Geode Capital Management LLC lifted its stake in shares of DallasNews Co. (NASDAQ:DALN – Free Report) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,504 shares of the company’s stock after buying an additional 2,134 shares during the period. Geode Capital Management LLC owned approximately 0.81% of DallasNews worth $323,000 at the end of the most recent quarter. Institutional investors own 27.19% of the company’s stock.
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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