McClatchy Co (NYSEAMERICAN:MNI) Short Interest Down 6.3% in June

McClatchy Co (NYSEAMERICAN:MNI) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 614,100 shares, a decline of 6.3% from the May 15th total of 655,400 shares. Approximately 13.5% of the company’s stock are short sold. Based on an average daily volume of 30,300 shares, the days-to-cover ratio is currently 20.3 days.

Shares of McClatchy stock traded down $0.21 during mid-day trading on Friday, hitting $2.48. The stock had a trading volume of 30,179 shares, compared to its average volume of 23,170. McClatchy has a 12-month low of $1.95 and a 12-month high of $10.40.

McClatchy (NYSEAMERICAN:MNI) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($2.74) EPS for the quarter, missing the consensus estimate of ($2.06) by ($0.68). The firm had revenue of $180.32 million for the quarter, compared to analysts’ expectations of $185.18 million.

Separately, Noble Financial upgraded shares of McClatchy to a “buy” rating and set a $5.00 price objective for the company in a research report on Thursday, May 23rd.

About McClatchy

The McClatchy Company publishes newspapers and news Websites in the United States. Its publications include the Miami Herald, The Kansas City Star, The Sacramento Bee, The Charlotte Observer, The (Raleigh) News and Observer, and The (Fort Worth) Star-Telegram. It also provides niche publications and community newspapers, as well as other print and digital direct marketing services.

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