Discovery Inc Series B (NASDAQ:DISCB) Short Interest Down 25.0% in October

Discovery Inc Series B (NASDAQ:DISCB) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 600 shares, a decrease of 25.0% from the September 30th total of 800 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 6.0 days.

Shares of DISCB traded down $0.23 during mid-day trading on Friday, hitting $35.65. 400 shares of the company’s stock were exchanged, compared to its average volume of 74. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market cap of $19.17 billion, a price-to-earnings ratio of 10.30 and a beta of 1.24. The stock’s 50-day moving average is $34.01 and its 200-day moving average is $34.13. Discovery Inc Series B has a fifty-two week low of $27.80 and a fifty-two week high of $40.16.

Separately, ValuEngine cut shares of Discovery Inc Series B from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 29th.

An institutional investor recently raised its position in Discovery Inc Series B stock. FNY Investment Advisers LLC increased its stake in shares of Discovery Inc Series B (NASDAQ:DISCB) by 9,657.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,708 shares of the company’s stock after purchasing an additional 3,670 shares during the quarter. FNY Investment Advisers LLC’s holdings in Discovery Inc Series B were worth $126,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.01% of the company’s stock.

Discovery Inc Series B Company Profile

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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