McClatchy Co (NYSEAMERICAN:MNI) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 646,674 shares, an increase of 21.5% from the March 29th total of 532,051 shares. Currently, 15.2% of the shares of the company are sold short. Based on an average daily volume of 34,307 shares, the days-to-cover ratio is presently 18.8 days.
MNI stock traded down $0.03 during trading on Thursday, hitting $3.27. The company had a trading volume of 17,303 shares, compared to its average volume of 21,598. McClatchy has a 12 month low of $3.17 and a 12 month high of $10.71.
McClatchy (NYSEAMERICAN:MNI) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($1.30). The firm had revenue of $212.96 million for the quarter.
In other McClatchy news, major shareholder Chatham Asset Management, Llc purchased 25,805 shares of the stock in a transaction dated Monday, March 25th. The shares were bought at an average cost of $4.93 per share, with a total value of $127,218.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders bought 151,043 shares of company stock worth $755,952. 34.91% of the stock is currently owned by company insiders.
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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