News Co. (NASDAQ:NWS) Short Interest Update

News Co. (NASDAQ:NWS - Get Free Report) experienced a notable rise in short interest throughout January. As of January 31st, the total short interest stood at 4,470,000 shares, which marks an 18.9% increase from the 3,760,000 shares reported on January 15th. Currently, around 4.4% of the company's shares are being sold short. With an average daily trading volume of 796,100 shares, the short-interest ratio is calculated to be 5.6 days.

Recent Analyst Upgrades

In related news, Seaport Res Ptn recently upgraded News Co. to a "strong-buy" rating in their research report dated January 31st.

News Co. Stock Performance

Trading on Friday saw NASDAQ:NWS increase by $0.56, bringing the share price to $34.86. The trading activity for the day included 721,106 shares, which is slightly below its average of 744,454 shares. The stock's 50-day moving average is $31.51, while its 200-day moving average is $29.89. Over the past year, News has recorded a low of $23.99 and reached a high of $34.97. The market capitalization for News Co. is approximately $19.82 billion, with a PE ratio of 47.75 and a beta of 1.38. Financial metrics show a quick ratio of 1.26, a current ratio of 1.73, and a debt-to-equity ratio of 0.22.

On February 5th, News Co. reported their quarterly earnings, posting an EPS of $0.33, which was slightly below the analysts’ expectations of $0.34 by $0.01. The company has demonstrated a return on equity of 5.31% and a net margin of 4.22%. Analysts are currently forecasting that News will achieve an EPS of 0.96 in the present fiscal year.

Dividend Announcement

Additionally, the company recently announced its semi-annual dividend, scheduled for payment on April 9th. Shareholders recorded by March 12th will receive a dividend of $0.10 per share, resulting in a yield of 0.6%. The ex-dividend date is also set for March 12th. Presently, News Co.’s dividend payout ratio stands at 27.40%.

Institutional Investment Activity

Several institutional investors and hedge funds have recently made adjustments to their positions in News Co. Wilmington Savings Fund Society FSB raised its holdings by 123.7% during the fourth quarter, resulting in ownership of 935 shares valued at $28,000 after acquiring 517 additional shares. Smartleaf Asset Management LLC also increased its stake by 136.3%, now holding 1,217 shares worth $37,000 after adding 702 shares. ExodusPoint Capital Management LP has acquired a new position valued at approximately $43,000. Furthermore, Blue Trust Inc. and Harvest Fund Management Co. Ltd increased their respective stakes by 253.3% and 2,892.8% during the past year, resulting in ownership of shares valued at $57,000 and $61,000 respectively. Overall, institutional and hedge funds collectively own 14.63% of News Co. stock.

About News Corporation

News Corporation is a global media and information services enterprise that develops and disseminates credible and engaging content, alongside various products and services for both consumers and businesses around the world. The company's operational segments include Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.

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