News Co. (NASDAQ:NWS) Short Interest Update

News Co. (NASDAQ:NWSGet Free Report) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 2,540,000 shares, a drop of 23.7% from the April 30th total of 3,330,000 shares. Based on an average trading volume of 720,600 shares, the days-to-cover ratio is presently 3.5 days. Currently, 2.5% of the company’s stock are sold short.

News Stock Up 0.7 %

NWS traded up $0.20 during trading on Friday, hitting $27.88. The stock had a trading volume of 840,243 shares, compared to its average volume of 670,910. The stock has a 50 day simple moving average of $26.10 and a two-hundred day simple moving average of $25.65. The company has a market capitalization of $15.89 billion, a PE ratio of 77.44 and a beta of 1.37. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.25 and a current ratio of 1.36. News has a twelve month low of $18.29 and a twelve month high of $28.92.

News (NASDAQ:NWSGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.11 earnings per share for the quarter. News had a return on equity of 4.28% and a net margin of 2.09%. The business had revenue of $2.42 billion during the quarter.

Hedge Funds Weigh In On News

Several hedge funds and other institutional investors have recently bought and sold shares of NWS. UBS Group AG grew its holdings in News by 49,135.5% during the third quarter. UBS Group AG now owns 614,951 shares of the company’s stock worth $12,834,000 after acquiring an additional 613,702 shares during the period. Norges Bank acquired a new position in shares of News in the 4th quarter valued at $7,919,000. Barclays PLC boosted its holdings in News by 85.3% during the third quarter. Barclays PLC now owns 508,722 shares of the company’s stock worth $10,616,000 after buying an additional 234,113 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in News during the third quarter valued at $3,569,000. Finally, Bank of Nova Scotia increased its holdings in News by 138.1% in the third quarter. Bank of Nova Scotia now owns 257,614 shares of the company’s stock valued at $5,376,000 after buying an additional 149,408 shares in the last quarter. Institutional investors and hedge funds own 14.63% of the company’s stock.

About News

(Get Free Report)

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.

Further Reading

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