Short Interest in Discovery Inc Series C (NASDAQ:DISCK) Expands By 171.5%

Discovery Inc Series C (NASDAQ:DISCK) saw a significant growth in short interest in June. As of June 30th, there was short interest totalling 14,960,000 shares, a growth of 171.5% from the May 30th total of 5,510,000 shares. Based on an average trading volume of 2,960,000 shares, the short-interest ratio is currently 5.1 days. Currently, 4.3% of the shares of the company are short sold.

NASDAQ DISCK opened at $29.80 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.45. Discovery Inc Series C has a 1 year low of $21.99 and a 1 year high of $31.55. The firm has a market capitalization of $15.21 billion, a P/E ratio of 14.12 and a beta of 1.37. The company has a fifty day moving average of $27.31.

Discovery Inc Series C (NASDAQ:DISCK) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. Discovery Inc Series C had a net margin of 9.00% and a return on equity of 20.10%. The company had revenue of $2.71 billion during the quarter. As a group, sell-side analysts anticipate that Discovery Inc Series C will post 4.09 earnings per share for the current year.



A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cleararc Capital Inc. acquired a new stake in Discovery Inc Series C in the first quarter valued at about $222,000. RNC Capital Management LLC lifted its position in Discovery Inc Series C by 18.2% in the first quarter. RNC Capital Management LLC now owns 98,162 shares of the company’s stock valued at $2,495,000 after purchasing an additional 15,140 shares during the period. Tyers Asset Management LLC lifted its position in Discovery Inc Series C by 84.0% in the first quarter. Tyers Asset Management LLC now owns 212,624 shares of the company’s stock valued at $5,405,000 after purchasing an additional 97,056 shares during the period. Raymond James & Associates lifted its position in Discovery Inc Series C by 11.4% in the first quarter. Raymond James & Associates now owns 725,388 shares of the company’s stock valued at $18,439,000 after purchasing an additional 74,503 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in Discovery Inc Series C in the fourth quarter valued at about $1,910,000. Institutional investors own 56.54% of the company’s stock.

Separately, BidaskClub upgraded shares of Winmark from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th.

About Discovery Inc Series C

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.

See Also: Options Trading – Understanding Strike Price

Receive News & Ratings for Discovery Inc Series C Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Inc Series C and related companies with MarketBeat.com's FREE daily email newsletter.