Short Interest in Daily Journal Co. (NASDAQ:DJCO) Grows By 6.3%

Daily Journal Co. (NASDAQ:DJCO) was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 27,200 shares, a growth of 6.3% from the July 15th total of 25,600 shares. Based on an average daily trading volume, of 11,500 shares, the short-interest ratio is currently 2.4 days. Currently, 2.2% of the shares of the stock are short sold.

Daily Journal Trading Up 0.9 %

DJCO stock traded up $4.18 during trading on Friday, hitting $448.71. The company had a trading volume of 4,160 shares, compared to its average volume of 9,959. The company has a quick ratio of 8.97, a current ratio of 8.97 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $617.87 million, a P/E ratio of 27.82 and a beta of 0.95. The company has a 50 day simple moving average of $412.54 and a 200-day simple moving average of $377.04. Daily Journal has a 52-week low of $286.05 and a 52-week high of $474.01.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DJCO. AltraVue Capital LLC grew its holdings in Daily Journal by 195.8% during the 2nd quarter. AltraVue Capital LLC now owns 34,826 shares of the company’s stock worth $13,738,000 after acquiring an additional 23,052 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Daily Journal by 22.9% during the second quarter. Dimensional Fund Advisors LP now owns 29,040 shares of the company’s stock valued at $11,455,000 after purchasing an additional 5,413 shares in the last quarter. Legato Capital Management LLC boosted its stake in shares of Daily Journal by 199.9% during the second quarter. Legato Capital Management LLC now owns 6,993 shares of the company’s stock valued at $2,759,000 after purchasing an additional 4,661 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Daily Journal by 39.8% during the second quarter. Renaissance Technologies LLC now owns 5,311 shares of the company’s stock valued at $2,095,000 after buying an additional 1,511 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Daily Journal by 7.0% in the second quarter. Bank of New York Mellon Corp now owns 4,924 shares of the company’s stock worth $1,942,000 after buying an additional 324 shares in the last quarter. Institutional investors own 51.23% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Daily Journal from a “hold” rating to a “sell” rating in a research note on Thursday.

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.