DallasNews Co. (NASDAQ:DALN) Short Interest Up 6.4% in February

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

A number of large investors have recently modified their holdings of DALN. Jane Street Group LLC purchased a new stake in shares of DallasNews in the fourth quarter valued at about $45,000. Geode Capital Management LLC grew its holdings in shares of DallasNews by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 35,101 shares of the company’s stock valued at $134,000 after purchasing an additional 3,920 shares during the period. Bank of America Corp DE grew its holdings in shares of DallasNews by 12.5% in the first quarter. Bank of America Corp DE now owns 73,449 shares of the company’s stock valued at $515,000 after purchasing an additional 8,157 shares during the period. Finally, North Star Investment Management Corp. grew its holdings in shares of DallasNews by 50.0% in the third quarter. North Star Investment Management Corp. now owns 357,356 shares of the company’s stock valued at $1,658,000 after purchasing an additional 119,154 shares during the period. Hedge funds and other institutional investors own 35.63% of the company’s stock.

DallasNews Company Profile

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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.