Lee Enterprises, Incorporated (NYSE:LEE) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 2,315,800 shares, a growth of 20.9% from the May 15th total of 1,915,400 shares. Approximately 4.4% of the company’s stock are short sold. Based on an average daily volume of 212,300 shares, the short-interest ratio is currently 10.9 days.
Several large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its holdings in shares of Lee Enterprises by 0.8% in the 1st quarter. Acadian Asset Management LLC now owns 1,160,446 shares of the company’s stock valued at $3,829,000 after buying an additional 8,902 shares in the last quarter. Comprehensive Portfolio Management LLC acquired a new stake in Lee Enterprises in the 1st quarter worth approximately $33,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Lee Enterprises by 12.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,476 shares of the company’s stock worth $237,000 after purchasing an additional 12,333 shares in the last quarter. Barclays PLC acquired a new stake in Lee Enterprises in the 4th quarter worth approximately $27,000. Finally, First Trust Advisors LP boosted its stake in Lee Enterprises by 18.7% in the 4th quarter. First Trust Advisors LP now owns 93,629 shares of the company’s stock worth $198,000 after purchasing an additional 14,735 shares in the last quarter. Institutional investors and hedge funds own 43.64% of the company’s stock.
Shares of NYSE:LEE traded down $0.02 during trading on Friday, reaching $1.95. The stock had a trading volume of 304,198 shares, compared to its average volume of 501,259. Lee Enterprises has a one year low of $1.84 and a one year high of $3.69. The firm has a market cap of $112.56 million, a P/E ratio of 5.74 and a beta of 1.45. The stock has a 50-day moving average of $2.25.
About Lee Enterprises
Lee Enterprises, Incorporated provides local news and information, and advertising services in the United States. The company offers daily and community newspapers, news websites, mobile applications and news, and video products; and digital services, including Web hosting and content management. It also provides advertising and marketing services, such as retail, classified, national, and digital advertising services, as well as custom digital marketing services to small, medium sized, and large complex businesses.
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