Value Line, Inc. (NASDAQ:VALU) Sees Significant Increase in Short Interest

Value Line, Inc. (NASDAQ:VALU) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 15,100 shares, an increase of 30.2% from the March 15th total of 11,600 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average daily volume of 7,900 shares, the days-to-cover ratio is currently 1.9 days.

Analysts Set New Price Targets

Separately, StockNews.com lowered Value Line from a “buy” rating to a “hold” rating in a report on Thursday, February 27th.

Hedge Funds Weigh In On Value Line

Institutional investors and hedge funds have recently bought and sold shares of the company. Northern Trust Corp increased its stake in Value Line by 19.5% during the 4th quarter. Northern Trust Corp now owns 10,622 shares of the financial services provider’s stock valued at $561,000 after purchasing an additional 1,733 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Value Line in the 4th quarter worth $311,000. JPMorgan Chase & Co. lifted its position in Value Line by 180.4% during the 4th quarter. JPMorgan Chase & Co. now owns 4,382 shares of the financial services provider’s stock worth $231,000 after acquiring an additional 2,819 shares during the period. Auxier Asset Management purchased a new stake in Value Line during the 4th quarter valued at about $224,000. Finally, Barclays PLC increased its holdings in shares of Value Line by 340.6% in the third quarter. Barclays PLC now owns 1,150 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 889 shares during the period. 6.26% of the stock is owned by hedge funds and other institutional investors.

Value Line Trading Down 2.8 %

Shares of NASDAQ:VALU opened at $38.60 on Friday. The company has a market capitalization of $363.38 million, a price-to-earnings ratio of 16.43 and a beta of 0.95. Value Line has a 12 month low of $32.94 and a 12 month high of $57.68. The firm’s 50-day moving average is $38.92 and its 200 day moving average is $45.49.

Value Line (NASDAQ:VALU) last issued its quarterly earnings results on Friday, March 14th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter. The firm had revenue of $8.97 million during the quarter. Value Line had a return on equity of 24.00% and a net margin of 62.02%. During the same period in the prior year, the business posted $1.51 earnings per share.

Value Line Company Profile

Value Line, Inc produces and sells investment periodicals and related publications. Its investment periodicals and related publications cover a range of investments, including stocks, mutual funds, exchange traded funds (ETFs), and options. The company's research services include The Value Line Investment Survey, The Value Line Investment Survey – Small and Mid-Cap, The Value Line 600, and The Value Line Fund Advisor Plus that provide statistical and text coverage of various investment securities, with an emphasis placed on its proprietary research, analysis, and statistical ranks.