DallasNews Co. (NASDAQ:DALN) Short Interest Up 9.1% in January

DallasNews Co. (NASDAQ:DALN) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 179,300 shares, a growth of 9.1% from the January 15th total of 164,400 shares. Based on an average daily trading volume, of 68,600 shares, the days-to-cover ratio is presently 2.6 days. Approximately 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 stake in DallasNews Co. (NASDAQ:DALN) by 52.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,084 shares of the company’s stock after buying an additional 16,167 shares during the quarter. Cambiar Investors LLC owned approximately 0.88% of DallasNews worth $197,000 at the end of the most recent reporting period. 27.19% of the stock is owned by institutional investors.

DallasNews Price Performance

DallasNews stock traded down $0.07 during midday trading on Friday, reaching $5.91. The company had a trading volume of 45,444 shares, compared to its average volume of 17,450. The company has a market capitalization of $31.62 million, a P/E ratio of -5.28 and a beta of 0.52. DallasNews has a 12-month low of $2.98 and a 12-month high of $7.86. The firm’s fifty day simple moving average is $6.57 and its 200-day simple moving average is $5.35.

DallasNews Company Profile

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.