Short Interest in RR Donnelley & Sons Co (NYSE:RRD) Increases By 32.6%

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RR Donnelley & Sons Co (NYSE:RRD) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 8,504,300 shares, a growth of 32.6% from the May 30th total of 6,415,600 shares. Based on an average daily volume of 1,260,000 shares, the short-interest ratio is presently 6.7 days. Currently, 12.3% of the shares of the company are short sold.

Several hedge funds have recently bought and sold shares of RRD. BlackRock Inc. boosted its stake in shares of RR Donnelley & Sons by 11.6% during the 4th quarter. BlackRock Inc. now owns 11,582,063 shares of the business services provider’s stock worth $45,865,000 after acquiring an additional 1,207,665 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of RR Donnelley & Sons by 196.7% during the 1st quarter. Acadian Asset Management LLC now owns 941,714 shares of the business services provider’s stock worth $4,445,000 after acquiring an additional 624,271 shares in the last quarter. Norges Bank purchased a new stake in shares of RR Donnelley & Sons during the 4th quarter worth about $2,234,000. Bank of America Corp DE lifted its stake in RR Donnelley & Sons by 626.6% in the 4th quarter. Bank of America Corp DE now owns 469,705 shares of the business services provider’s stock valued at $1,860,000 after buying an additional 405,058 shares in the last quarter. Finally, Nomura Holdings Inc. lifted its stake in RR Donnelley & Sons by 46.4% in the 4th quarter. Nomura Holdings Inc. now owns 1,109,789 shares of the business services provider’s stock valued at $4,388,000 after buying an additional 351,784 shares in the last quarter. 86.91% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th.

Shares of RRD stock traded up $0.05 during mid-day trading on Friday, hitting $2.14. 750,168 shares of the stock were exchanged, compared to its average volume of 1,425,083. The stock’s fifty day moving average price is $2.25. RR Donnelley & Sons has a 52-week low of $1.92 and a 52-week high of $6.76. The company has a market capitalization of $151.51 million, a P/E ratio of 2.89 and a beta of 1.66.

RR Donnelley & Sons (NYSE:RRD) last posted its earnings results on Tuesday, April 30th. The business services provider reported ($0.06) earnings per share (EPS) for the quarter. RR Donnelley & Sons had a negative return on equity of 21.78% and a negative net margin of 0.15%. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the company earned ($0.10) earnings per share. The company’s revenue was down 10.9% compared to the same quarter last year. On average, equities analysts anticipate that RR Donnelley & Sons will post 0.66 EPS for the current fiscal year.

About RR Donnelley & Sons

R.R. Donnelley & Sons Company, an integrated communications provider, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. It operates through Business Services and Marketing Solutions segments. The Business Services segment offers commercial printing products and branded materials, including manuals, publications, brochures, business cards, flyers, post cards, posters, and promotional items; and specialized transportation and distribution services.

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