News Co. (NASDAQ:NWS) Short Interest Update

News Co. (NASDAQ:NWS) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totalling 2,730,000 shares, a drop of 21.8% from the June 30th total of 3,490,000 shares. Based on an average daily trading volume, of 772,600 shares, the short-interest ratio is presently 3.5 days. Currently, 3.7% of the company’s stock are sold short.

Institutional Trading of News

A number of large investors have recently added to or reduced their stakes in the stock. Irenic Capital Management LP increased its stake in shares of News by 0.7% in the fourth quarter. Irenic Capital Management LP now owns 5,226,744 shares of the company’s stock worth $134,432,000 after purchasing an additional 35,739 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of News by 1.6% in the third quarter. Vanguard Group Inc. now owns 4,157,578 shares of the company’s stock worth $86,769,000 after purchasing an additional 66,564 shares in the last quarter. Metropolis Capital Ltd increased its stake in shares of News by 13.2% in the second quarter. Metropolis Capital Ltd now owns 842,235 shares of the company’s stock worth $23,911,000 after purchasing an additional 98,172 shares in the last quarter. Norges Bank purchased a new position in shares of News in the fourth quarter worth about $7,919,000. Finally, BNP Paribas Financial Markets increased its stake in shares of News by 11.5% in the first quarter. BNP Paribas Financial Markets now owns 215,847 shares of the company’s stock worth $5,841,000 after purchasing an additional 22,287 shares in the last quarter. Hedge funds and other institutional investors own 14.63% of the company’s stock.

News Stock Up 1.2 %

Shares of NWS traded up $0.35 during trading hours on Friday, reaching $28.36. 591,995 shares of the stock traded hands, compared to its average volume of 699,442. The company has a current ratio of 1.36, a quick ratio of 1.25 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $28.08 and a 200 day simple moving average of $26.84. News has a 52 week low of $19.48 and a 52 week high of $29.37. The company has a market cap of $16.16 billion, a price-to-earnings ratio of 78.78 and a beta of 1.35.

News (NASDAQ:NWS) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.11 earnings per share for the quarter. News had a net margin of 2.09% and a return on equity of 4.28%. The company had revenue of $2.42 billion for the quarter.

News Company Profile

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.