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Discovery Communications (NASDAQ:DISCK) was the recipient of a large increase in short interest in August. As of August 15th, there was short interest totalling 8,296,305 shares, an increase of 304.9% from the July 31st total of 2,048,804 shares, ARN reports. Approximately 5.9% of the company’s stock are sold short. Based on an average daily volume of 1,791,471 shares, the short-interest ratio is currently 4.6 days.

Separately, analysts at BTIG Research downgraded shares of Discovery Communications from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 25th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $93.10.

Shares of Discovery Communications (NASDAQ:DISCK) opened at 42.91 on Friday. Discovery Communications has a 1-year low of $33.185 and a 1-year high of $43.44. The stock has a 50-day moving average of $41.27 and a 200-day moving average of $38.35. The company has a market cap of $29.436 billion and a price-to-earnings ratio of 26.35.

Discovery Communications (NASDAQ:DISCK) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.16 earnings per share (EPS) for the quarter. On average, analysts predict that Discovery Communications will post $1.88 earnings per share for the current fiscal year.

Discovery Communications, Inc (NASDAQ:DISCK) is a global nonfiction media and entertainment company that provide programming across multiple distribution platforms worldwide.

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