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.
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.
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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