DallasNews Co. (NASDAQ:DALN) Short Interest Update

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in DallasNews stock. Cambiar Investors LLC boosted its holdings in DallasNews Co. (NASDAQ:DALN) by 52.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 47,084 shares of the company’s stock after buying 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 reporting period. Institutional investors and hedge funds own 27.19% of the company’s stock.

DallasNews Trading Down 1.2 %

Shares of NASDAQ DALN opened at $5.91 on Tuesday. The stock has a market cap of $31.63 million, a price-to-earnings ratio of -5.28 and a beta of 0.52. DallasNews has a 52 week low of $2.98 and a 52 week high of $7.86. The company’s 50-day moving average price is $6.60 and its 200 day moving average price is $5.36.

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.