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

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

Daily Journal Stock Up 1.1 %

Shares of NASDAQ:DJCO traded up $5.47 during midday trading on Monday, reaching $486.90. 16,506 shares of the company were exchanged, compared to its average volume of 10,598. The firm has a market cap of $670.46 million, a PE ratio of 30.19 and a beta of 0.92. Daily Journal has a fifty-two week low of $286.05 and a fifty-two week high of $509.97. The stock has a fifty day simple moving average of $452.44 and a two-hundred day simple moving average of $399.84. 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 (NASDAQ:DJCO) last released its earnings results on Wednesday, August 14th. The company reported $0.79 earnings per share (EPS) for the quarter. Daily Journal had a return on equity of 15.90% and a net margin of 62.70%. The firm had revenue of $17.49 million during the quarter.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new position in Daily Journal during the 2nd quarter worth approximately $210,000. Lazard Asset Management LLC boosted its holdings in Daily Journal by 115.2% during the first quarter. Lazard Asset Management LLC now owns 581 shares of the company’s stock worth $210,000 after purchasing an additional 311 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Daily Journal by 34.9% during the first quarter. BNP Paribas Financial Markets now owns 680 shares of the company’s stock worth $246,000 after purchasing an additional 176 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Daily Journal by 7.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 896 shares of the company’s stock valued at $325,000 after purchasing an additional 64 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new stake in Daily Journal in the 2nd quarter valued at $519,000. 51.23% of the stock is currently owned by institutional investors.

Daily Journal Company Profile

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.