DallasNews Co. (NASDAQ:DALN – Get Free Report) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 155,100 shares, a decline of 13.5% from the January 31st total of 179,300 shares. Based on an average daily volume of 61,300 shares, the days-to-cover ratio is currently 2.5 days. Currently, 3.8% of the shares of the stock are sold short.
DallasNews Trading Down 0.2 %
Shares of NASDAQ DALN opened at $6.15 on Friday. DallasNews has a 12 month low of $2.98 and a 12 month high of $7.86. The business has a 50-day moving average of $6.68 and a 200-day moving average of $5.53. The firm has a market capitalization of $32.91 million, a price-to-earnings ratio of -5.49 and a beta of 0.48.
Hedge Funds Weigh In On DallasNews
An institutional investor recently raised its position in DallasNews stock. Geode Capital Management LLC grew its holdings in DallasNews Co. (NASDAQ:DALN – Free Report) by 5.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 43,504 shares of the company’s stock after buying an additional 2,134 shares during the quarter. Geode Capital Management LLC owned approximately 0.81% of DallasNews worth $323,000 at the end of the most recent quarter. 27.19% of the stock is currently owned by institutional investors and hedge funds.
DallasNews Company Profile
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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