Gannett Co Inc (NYSE:GCI) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 25,250,000 shares, an increase of 9.4% from the January 15th total of 23,070,000 shares. Currently, 22.4% of the company’s stock are short sold. Based on an average daily volume of 2,020,000 shares, the short-interest ratio is currently 12.5 days.
NYSE:GCI traded down $0.11 during mid-day trading on Friday, hitting $6.27. 451,051 shares of the company’s stock traded hands, compared to its average volume of 1,786,713. The company has a fifty day moving average of $6.37 and a 200 day moving average of $8.70. Gannett has a twelve month low of $5.69 and a twelve month high of $14.11. The company has a market capitalization of $386.79 million, a P/E ratio of -33.00 and a beta of 1.04. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.84 and a current ratio of 0.92.
In other news, Director Maria M. Miller bought 8,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was acquired at an average cost of $6.26 per share, with a total value of $50,080.00. Insiders own 1.82% of the company’s stock.
Several research analysts have recently commented on GCI shares. TheStreet lowered Gannett from a “c-” rating to a “d” rating in a research report on Wednesday, December 18th. Zacks Investment Research raised Gannett from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a research report on Wednesday, November 6th. Finally, ValuEngine raised Gannett from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th.
Gannett Company Profile
Gannett Co, Inc operates as a media and marketing solutions company. The company operates through Publishing and ReachLocal segments. It offers print and digital daily and non-daily publications under the USA TODAY NETWORK brand name in the United States; and Newsquest, which has print and online publications portfolio of approximately 150 news brands and 150 magazines in the United Kingdom.
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