McClatchy Co (MNI) Short Interest Update

McClatchy Co (NYSEAMERICAN:MNI) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 898,754 shares, a drop of 2.3% from the January 12th total of 919,984 shares. Approximately 18.0% of the shares of the company are sold short. Based on an average daily trading volume, of 7,576 shares, the days-to-cover ratio is presently 118.6 days.

A number of equities analysts recently commented on MNI shares. ValuEngine raised shares of McClatchy from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 26th. Zacks Investment Research lowered shares of McClatchy from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. Finally, Noble Financial reaffirmed a “hold” rating on shares of McClatchy in a research report on Tuesday, October 24th.

In related news, major shareholder Chatham Asset Management, Llc bought 6,247 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was bought at an average price of $8.97 per share, for a total transaction of $56,035.59. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have bought 26,855 shares of company stock valued at $257,692. 34.91% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its position in McClatchy by 1,102.3% during the second quarter. Tower Research Capital LLC TRC now owns 10,845 shares of the company’s stock worth $101,000 after acquiring an additional 9,943 shares during the period. Stifel Financial Corp increased its position in McClatchy by 14.7% during the second quarter. Stifel Financial Corp now owns 20,778 shares of the company’s stock worth $197,000 after acquiring an additional 2,659 shares during the period. Susquehanna International Group LLP bought a new position in McClatchy during the second quarter worth about $942,000. Finally, Dimensional Fund Advisors LP increased its position in McClatchy by 3.9% during the second quarter. Dimensional Fund Advisors LP now owns 380,782 shares of the company’s stock worth $3,557,000 after acquiring an additional 14,170 shares during the period. 35.62% of the stock is currently owned by institutional investors and hedge funds.

McClatchy (MNI) traded down $0.53 during trading hours on Friday, reaching $8.19. 14,148 shares of the company were exchanged, compared to its average volume of 8,855. McClatchy has a 1-year low of $5.75 and a 1-year high of $12.99. The company has a market capitalization of $65.17, a price-to-earnings ratio of -0.17 and a beta of 1.24. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of -93.38.

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About McClatchy

The McClatchy Company is a news and information publisher of various publications, such as the Miami Herald, The Sacramento Bee, The Charlotte Observer, The (Raleigh) News and Observer, and the (Fort Worth) Star-Telegram. The Company’s segments include Western Segment and Eastern Segment. Its Western Segment consists of its newspaper operations in California, the Northwest and the Midwest.

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