Short Interest in McClatchy Co (MNI) Declines By 3.6%
McClatchy Co (NYSEAMERICAN:MNI) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 960,670 shares, a decline of 3.6% from the November 15th total of 996,678 shares. Based on an average trading volume of 20,240 shares, the short-interest ratio is currently 47.5 days. Approximately 19.2% of the shares of the stock are short sold.
Several equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of McClatchy from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th. Noble Financial reissued a “hold” rating on shares of McClatchy in a report on Tuesday, October 24th. Finally, ValuEngine downgraded shares of McClatchy from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st.
In other McClatchy news, major shareholder Chatham Asset Management, Llc bought 76,344 shares of the firm’s stock in a transaction dated Friday, October 13th. The shares were acquired at an average cost of $7.84 per share, for a total transaction of $598,536.96. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have bought 471,771 shares of company stock worth $4,081,673. 34.91% of the stock is owned by company insiders.
McClatchy (NYSEAMERICAN MNI) opened at $9.24 on Friday. McClatchy has a 1-year low of $5.75 and a 1-year high of $14.29. The company has a debt-to-equity ratio of -93.38, a current ratio of 0.85 and a quick ratio of 0.79.
McClatchy (NYSEAMERICAN:MNI) last announced its quarterly earnings results on Monday, October 16th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.23). The company had revenue of $212.60 million for the quarter, compared to analysts’ expectations of $223.96 million.
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McClatchy Company Profile
The McClatchy Company is a news and information publisher of various publications, such as the Miami Herald, The Sacramento Bee, The Charlotte Observer, The (Raleigh) News and Observer, and the (Fort Worth) Star-Telegram. The Company’s segments include Western Segment and Eastern Segment. Its Western Segment consists of its newspaper operations in California, the Northwest and the Midwest.
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