Short Interest in Daily Journal Co. (NASDAQ:DJCO) Expands By 29.2%

Daily Journal Co. (NASDAQ:DJCO) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 37,600 shares, an increase of 29.2% from the August 15th total of 29,100 shares. Currently, 3.0% of the company’s shares are sold short. Based on an average daily trading volume, of 14,500 shares, the short-interest ratio is presently 2.6 days.

Institutional Investors Weigh In On Daily Journal

A number of institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new position in Daily Journal in the second quarter valued at $210,000. AQR Capital Management LLC bought a new position in shares of Daily Journal in the 2nd quarter worth about $519,000. AltraVue Capital LLC lifted its stake in shares of Daily Journal by 195.8% in the 2nd quarter. AltraVue Capital LLC now owns 34,826 shares of the company’s stock valued at $13,738,000 after purchasing an additional 23,052 shares during the period. Renaissance Technologies LLC boosted its position in shares of Daily Journal by 39.8% during the 2nd quarter. Renaissance Technologies LLC now owns 5,311 shares of the company’s stock valued at $2,095,000 after purchasing an additional 1,511 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Daily Journal by 22.9% during the second quarter. Dimensional Fund Advisors LP now owns 29,040 shares of the company’s stock worth $11,455,000 after purchasing an additional 5,413 shares during the period. 51.23% of the stock is owned by institutional investors.

Daily Journal Trading Up 1.1 %

Shares of NASDAQ DJCO traded up $5.47 during trading on Monday, reaching $486.90. The company had a trading volume of 16,506 shares, compared to its average volume of 10,598. The stock has a market cap of $670.46 million, a P/E ratio of 30.02 and a beta of 0.92. The company’s fifty day moving average price is $450.78 and its 200-day moving average price is $398.80. The company has a quick ratio of 8.58, a current ratio of 8.58 and a debt-to-equity ratio of 0.11. Daily Journal has a 12 month low of $286.05 and a 12 month high of $509.97.

Daily Journal (NASDAQ:DJCO) last announced its earnings results on Wednesday, August 14th. The company reported $0.79 EPS for the quarter. The business had revenue of $17.49 million for the quarter. Daily Journal had a return on equity of 15.90% and a net margin of 62.70%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Daily Journal from a “sell” rating to a “hold” rating in a research note on Friday, August 23rd.

About Daily Journal

Daily Journal Corporation operates in publishing of newspapers and websites covering in California, Arizona, Utah, and Australia. It operates in two segments, Traditional Business and Journal Technologies. The company publishes 10 newspapers of general circulation, including Los Angeles Daily Journal, San Francisco Daily Journal, Daily Commerce, The Daily Recorder, The Inter-City Express, San Jose Post-Record, Orange County Reporter, Business Journal, The Daily Transcript, and The Record Reporter.