DallasNews Co. (NASDAQ:DALN) Short Interest Up 9.1% in January

DallasNews Co. (NASDAQ:DALN) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 179,300 shares, a growth of 9.1% from the January 15th total of 164,400 shares. Currently, 4.7% of the shares of the company are sold short. Based on an average trading volume of 68,600 shares, the short-interest ratio is currently 2.6 days.

Institutional Investors Weigh In On DallasNews

A hedge fund recently raised its stake in DallasNews stock. Cambiar Investors LLC boosted its stake in shares of DallasNews Co. (NASDAQ:DALN) by 52.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 47,084 shares of the company’s stock after purchasing an additional 16,167 shares during the period. Cambiar Investors LLC owned approximately 0.88% of DallasNews worth $197,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 27.19% of the company’s stock.

DallasNews Trading Down 1.2 %

DALN traded down $0.07 during midday trading on Friday, hitting $5.91. 45,444 shares of the company were exchanged, compared to its average volume of 17,450. The company’s 50 day simple moving average is $6.57 and its 200 day simple moving average is $5.35. The firm has a market capitalization of $31.62 million, a price-to-earnings ratio of -5.28 and a beta of 0.52. DallasNews has a 1-year low of $2.98 and a 1-year high of $7.86.

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.