Short Interest in Troika Media Group, Inc. (NASDAQ:TRKA) Grows By 289.8%

Troika Media Group, Inc. (NASDAQ:TRKA) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 251,800 shares, a growth of 289.8% from the December 15th total of 64,600 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 2,150,000 shares, the days-to-cover ratio is currently 0.1 days.

Shares of NASDAQ:TRKA opened at $1.25 on Friday. The company’s 50-day moving average price is $1.44 and its two-hundred day moving average price is $1.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.70 and a quick ratio of 0.70. Troika Media Group has a one year low of $0.97 and a one year high of $4.00.

Troika Media Group (NASDAQ:TRKA) last issued its quarterly earnings results on Monday, November 15th. The company reported ($0.01) EPS for the quarter. The business had revenue of $8.35 million for the quarter.

A number of large investors have recently modified their holdings of TRKA. Virtu Financial LLC bought a new stake in Troika Media Group during the 2nd quarter worth about $57,000. BlackRock Inc. raised its holdings in shares of Troika Media Group by 154.1% in the 3rd quarter. BlackRock Inc. now owns 51,239 shares of the company’s stock valued at $68,000 after purchasing an additional 31,076 shares during the period. Vanguard Group Inc. bought a new stake in shares of Troika Media Group in the 2nd quarter valued at about $81,000. Citadel Advisors LLC bought a new stake in shares of Troika Media Group in the 3rd quarter valued at about $82,000. Finally, Geode Capital Management LLC bought a new stake in shares of Troika Media Group in the 2nd quarter valued at about $137,000. 0.89% of the stock is currently owned by hedge funds and other institutional investors.

Troika Media Group Company Profile

Troika Media Group, Inc a consultancy and consumer engagement company, provides integrated branding, marketing, research, and data science solutions worldwide. It offers media services and analytics platform, digital marketing, data analytics and reporting, media content for events and hospitality customers, sponsorship partnerships and advertising opportunities, analytics and big data; strategic media buying and planning, design and branding, market research and insights, brand strategy, 360 brand design, advertising and sponsorship integration, brand experience and fan engagement, content creation, and sonic branding and original music services, as well as design, animation, and post production studio services.

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