McClatchy Co (NYSEAMERICAN:MNI) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 450,900 shares, a decrease of 5.6% from the July 31st total of 477,600 shares. Currently, 9.6% of the company’s stock are sold short. Based on an average trading volume of 21,100 shares, the short-interest ratio is presently 21.4 days.
NYSEAMERICAN MNI opened at $2.57 on Monday. McClatchy has a 12-month low of $1.95 and a 12-month high of $9.25.
McClatchy (NYSEAMERICAN:MNI) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($1.44) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.63) by $0.19. The company had revenue of $178.66 million during the quarter, compared to analysts’ expectations of $190.40 million.
Institutional investors have recently modified their holdings of the stock. Creative Planning purchased a new position in shares of McClatchy during the second quarter worth $27,000. Goelzer Investment Management Inc. purchased a new position in shares of McClatchy during the second quarter worth $31,000. Cooperman Leon G raised its holdings in shares of McClatchy by 44.9% during the second quarter. Cooperman Leon G now owns 441,050 shares of the company’s stock worth $1,151,000 after purchasing an additional 136,633 shares during the last quarter. Finally, Eidelman Virant Capital purchased a new position in shares of McClatchy during the second quarter worth $109,000. 35.62% of the stock is owned by hedge funds and other institutional investors.
McClatchy Company Profile
The McClatchy Company publishes newspapers and news Websites in the United States. Its publications include the Miami Herald, The Kansas City Star, The Sacramento Bee, The Charlotte Observer, The (Raleigh) News and Observer, and The (Fort Worth) Star-Telegram. It also provides niche publications and community newspapers, as well as other print and digital direct marketing services.
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