News Co. (NASDAQ:NWS) Sees Large Decrease in Short Interest

News Co. (NASDAQ:NWS) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 3,430,000 shares, a decrease of 14.9% from the March 31st total of 4,030,000 shares. Approximately 3.3% of the shares of the company are sold short. Based on an average daily volume of 738,900 shares, the short-interest ratio is currently 4.6 days.

News Stock Performance

Shares of NWS stock opened at $24.96 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.33 and a debt-to-equity ratio of 0.33. News has a 12-month low of $16.49 and a 12-month high of $28.92. The company has a market cap of $14.26 billion, a price-to-earnings ratio of 62.40 and a beta of 1.35. The stock has a 50 day simple moving average of $26.54 and a 200-day simple moving average of $24.90.

News (NASDAQ:NWS) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $2.59 billion during the quarter. News had a return on equity of 4.14% and a net margin of 2.29%.

News Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, April 10th. Investors of record on Wednesday, March 13th were issued a dividend of $0.10 per share. This represents a yield of 0.7%. The ex-dividend date was Tuesday, March 12th. News’s dividend payout ratio is currently 50.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG grew its holdings in shares of News by 49,135.5% in the 3rd quarter. UBS Group AG now owns 614,951 shares of the company’s stock worth $12,834,000 after acquiring an additional 613,702 shares during the period. ING Groep NV boosted its position in News by 3,420.1% during the third quarter. ING Groep NV now owns 590,501 shares of the company’s stock worth $12,324,000 after purchasing an additional 573,726 shares in the last quarter. Norges Bank acquired a new stake in News in the fourth quarter valued at $7,919,000. Barclays PLC increased its position in shares of News by 85.3% in the third quarter. Barclays PLC now owns 508,722 shares of the company’s stock valued at $10,616,000 after buying an additional 234,113 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of News during the 3rd quarter worth $3,569,000. 14.63% of the stock is currently owned by institutional investors and hedge funds.

News Company Profile

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.