News Co. (NASDAQ:NWS) Short Interest Update

News Co. (NASDAQ:NWS) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 3,430,000 shares, a decrease of 14.9% from the March 31st total of 4,030,000 shares. Currently, 3.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 738,900 shares, the short-interest ratio is presently 4.6 days.

News Trading Down 1.8 %

Shares of News stock opened at $24.54 on Wednesday. The company has a market capitalization of $14.02 billion, a P/E ratio of 61.35 and a beta of 1.35. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.44. The company has a fifty day moving average of $26.44 and a 200 day moving average of $24.94. News has a fifty-two week low of $16.49 and a fifty-two week high of $28.92.

News (NASDAQ:NWS) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.26 EPS for the quarter. The business had revenue of $2.59 billion for the quarter. News had a net margin of 2.29% and a return on equity of 4.14%.

News Dividend Announcement

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, April 10th. Shareholders of record on Wednesday, March 13th were paid a $0.10 dividend. This represents a yield of 0.7%. The ex-dividend date was Tuesday, March 12th. News’s payout ratio is currently 50.00%.

Institutional Trading of News

Hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new stake in News in the 4th quarter worth $27,000. V Square Quantitative Management LLC purchased a new stake in shares of News during the 3rd quarter valued at about $48,000. GAMMA Investing LLC purchased a new stake in shares of News during the 4th quarter valued at about $73,000. Mather Group LLC. purchased a new stake in shares of News during the 1st quarter valued at about $148,000. Finally, TFO Wealth Partners LLC raised its position in News by 101,516.7% in the 4th quarter. TFO Wealth Partners LLC now owns 6,097 shares of the company’s stock worth $154,000 after purchasing an additional 6,091 shares during the period. Hedge funds and other institutional investors own 14.63% of the company’s stock.

News Company Profile

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.