Daily Journal Co. (NASDAQ:DJCO) Sees Significant Growth in Short Interest

Daily Journal Co. (NASDAQ:DJCO) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 53,600 shares, an increase of 5.5% from the September 30th total of 50,800 shares. Based on an average daily volume of 15,500 shares, the short-interest ratio is presently 3.5 days. Approximately 4.3% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, StockNews.com raised Daily Journal from a “sell” rating to a “hold” rating in a research note on Friday, August 23rd.

Daily Journal Stock Up 0.6 %

Shares of NASDAQ:DJCO traded up $3.02 during trading hours on Friday, hitting $488.02. The company’s stock had a trading volume of 1,993 shares, compared to its average volume of 11,011. The company has a debt-to-equity ratio of 0.11, a current ratio of 8.58 and a quick ratio of 8.58. Daily Journal has a 52 week low of $289.52 and a 52 week high of $512.49. The company has a market capitalization of $673.47 million, a price-to-earnings ratio of 14.88 and a beta of 0.91. The firm’s fifty day moving average price is $484.66 and its 200 day moving average price is $426.46.

Daily Journal (NASDAQ:DJCO) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.79 earnings per share (EPS) for the quarter. The business had revenue of $17.49 million during the quarter. Daily Journal had a return on equity of 15.90% and a net margin of 62.70%.

Institutional Investors Weigh In On Daily Journal

A number of institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. purchased a new stake in Daily Journal during the 3rd quarter worth approximately $309,000. SG Americas Securities LLC purchased a new stake in shares of Daily Journal during the third quarter worth approximately $245,000. The Manufacturers Life Insurance Company acquired a new position in Daily Journal in the 2nd quarter valued at $210,000. AQR Capital Management LLC purchased a new position in Daily Journal in the 2nd quarter valued at $519,000. Finally, AltraVue Capital LLC lifted its stake in shares of Daily Journal by 195.8% in the second quarter. AltraVue Capital LLC now owns 34,826 shares of the company’s stock worth $13,738,000 after buying an additional 23,052 shares in the last quarter. Institutional investors and hedge funds own 51.23% of the company’s stock.

Daily Journal Company Profile

Daily Journal Corporation operates in publishing of newspapers and websites covering in California, Arizona, Utah, and Australia. It operates in two segments, Traditional Business and Journal Technologies. The company publishes 10 newspapers of general circulation, including Los Angeles Daily Journal, San Francisco Daily Journal, Daily Commerce, The Daily Recorder, The Inter-City Express, San Jose Post-Record, Orange County Reporter, Business Journal, The Daily Transcript, and The Record Reporter.