Entravision Communications Co. (NYSE:EVC) Short Interest Down 11.1% in November

Entravision Communications Co. (NYSE:EVC) was the target of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 1,120,000 shares, a decline of 11.1% from the November 15th total of 1,260,000 shares. Based on an average daily trading volume, of 242,000 shares, the days-to-cover ratio is currently 4.6 days.

Entravision Communications Stock Performance

NYSE EVC traded down $0.07 during mid-day trading on Tuesday, reaching $2.36. 1,703,017 shares of the stock were exchanged, compared to its average volume of 556,580. Entravision Communications has a 1 year low of $1.33 and a 1 year high of $4.41. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.70 and a current ratio of 2.70. The business’s 50 day moving average is $2.36 and its 200-day moving average is $2.13. The company has a market capitalization of $212.37 million, a P/E ratio of -1.90 and a beta of 0.97.

Entravision Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 8.47%. The ex-dividend date of this dividend is Monday, December 16th. Entravision Communications’s dividend payout ratio (DPR) is presently -16.13%.

Institutional Investors Weigh In On Entravision Communications

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Entravision Communications by 9.0% during the first quarter. Vanguard Group Inc. now owns 3,226,137 shares of the company’s stock worth $5,291,000 after purchasing an additional 266,642 shares in the last quarter. Gabelli Funds LLC increased its stake in Entravision Communications by 206.8% during the 2nd quarter. Gabelli Funds LLC now owns 135,000 shares of the company’s stock worth $274,000 after buying an additional 91,000 shares in the last quarter. State Street Corp raised its holdings in shares of Entravision Communications by 5.9% during the third quarter. State Street Corp now owns 1,374,611 shares of the company’s stock valued at $2,845,000 after acquiring an additional 76,622 shares during the last quarter. Barclays PLC lifted its position in shares of Entravision Communications by 60.5% in the third quarter. Barclays PLC now owns 169,068 shares of the company’s stock valued at $351,000 after acquiring an additional 63,699 shares in the last quarter. Finally, Algert Global LLC increased its position in shares of Entravision Communications by 421.4% during the second quarter. Algert Global LLC now owns 64,864 shares of the company’s stock worth $132,000 after purchasing an additional 52,424 shares in the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

Entravision Communications Company Profile

Entravision Communications Corporation operates as an advertising solutions, media, and technology company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics in the United States. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.