DallasNews Co. (NASDAQ:DALN – Get Rating) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 86,300 shares, a growth of 6.4% from the February 13th total of 81,100 shares. Based on an average trading volume of 25,100 shares, the short-interest ratio is currently 3.4 days. Currently, 2.0% of the shares of the stock are short sold.
DallasNews Stock Down 2.1 %
DallasNews stock opened at $4.26 on Friday. DallasNews has a 52-week low of $3.73 and a 52-week high of $8.49. The firm has a market capitalization of $22.79 million, a price-to-earnings ratio of -2.34 and a beta of 0.79. The company has a fifty day simple moving average of $4.62 and a 200-day simple moving average of $4.79.
DallasNews Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, May 12th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 15.02%. The ex-dividend date is Thursday, May 11th. DallasNews’s payout ratio is -35.16%.
Institutional Investors Weigh In On DallasNews
DallasNews Company Profile
DallasNews Corp. is a news and information publishing company, which owns and operates commercial printing, distribution, and direct mail service businesses. It operates through the following segments: Publishing and Marketing. The Publishing segment includes the operations of The Dallas Morning News and various niche publications targeting specific audiences.
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