DallasNews Co. (NASDAQ:DALN) Sees Significant Growth in Short Interest

DallasNews Co. (NASDAQ:DALN) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 94,700 shares, a growth of 9.2% from the March 31st total of 86,700 shares. Currently, 2.2% of the shares of the stock are short sold. Based on an average trading volume of 37,100 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Investors Weigh In On DallasNews

Several hedge funds have recently modified their holdings of DALN. Ingalls & Snyder LLC acquired a new stake in shares of DallasNews during the 3rd quarter worth about $46,000. Gamco Investors INC. ET AL boosted its stake in shares of DallasNews by 13.3% during the 3rd quarter. Gamco Investors INC. ET AL now owns 40,000 shares of the company’s stock worth $184,000 after purchasing an additional 4,710 shares during the last quarter. Finally, Worth Asset Management LLC acquired a new stake in shares of DallasNews during the 4th quarter worth about $61,000. 27.19% of the stock is owned by institutional investors and hedge funds.

DallasNews Trading Up 1.9 %

NASDAQ:DALN opened at $3.70 on Thursday. The firm has a 50-day moving average price of $3.84 and a two-hundred day moving average price of $4.06. DallasNews has a twelve month low of $3.52 and a twelve month high of $5.13. The company has a market capitalization of $19.80 million, a P/E ratio of -2.80 and a beta of 0.59.

DallasNews (NASDAQ:DALN) last released its quarterly earnings results on Wednesday, March 6th. The company reported ($0.41) earnings per share (EPS) for the quarter. DallasNews had a negative return on equity of 119.41% and a negative net margin of 5.09%. The firm had revenue of $33.98 million for the quarter.

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.