DallasNews Co. (NASDAQ:DALN – Get Free Report) was the recipient of a significant drop in short interest during the month of 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. Currently, 3.8% of the shares of the company are sold short. Based on an average daily volume of 61,300 shares, the short-interest ratio is presently 2.5 days.
DallasNews Price Performance
Shares of DallasNews stock opened at $6.24 on Thursday. The firm has a fifty day moving average price of $6.70 and a 200 day moving average price of $5.52. DallasNews has a 1 year low of $2.98 and a 1 year high of $7.86. The stock has a market cap of $33.40 million, a PE ratio of -5.57 and a beta of 0.52.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in DallasNews stock. Geode Capital Management LLC raised its position in DallasNews Co. (NASDAQ:DALN – Free Report) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,504 shares of the company’s stock after buying an additional 2,134 shares during the period. Geode Capital Management LLC owned about 0.81% of DallasNews worth $323,000 at the end of the most recent quarter. Institutional investors and hedge funds 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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