Gannett Co., Inc. (NYSE:GCI – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 17,440,000 shares, a growth of 8.1% from the May 31st total of 16,140,000 shares. Based on an average daily trading volume, of 1,270,000 shares, the short-interest ratio is presently 13.7 days. Currently, 14.5% of the shares of the stock are short sold.
Analysts Set New Price Targets
A number of research analysts have weighed in on GCI shares. JMP Securities started coverage on shares of Gannett in a research note on Monday. They issued an “outperform” rating and a $6.00 target price on the stock. Citigroup raised Gannett from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $1.95 to $3.60 in a research note on Friday, May 24th.
Check Out Our Latest Report on Gannett
Institutional Trading of Gannett
Gannett Trading Up 0.3 %
NYSE:GCI traded up $0.02 on Wednesday, hitting $4.82. The stock had a trading volume of 520,524 shares, compared to its average volume of 1,004,377. The company has a fifty day moving average price of $3.78 and a two-hundred day moving average price of $2.83. Gannett has a 1-year low of $1.66 and a 1-year high of $4.88. The company has a quick ratio of 0.75, a current ratio of 0.79 and a debt-to-equity ratio of 4.16. The stock has a market cap of $710.45 million, a price-to-earnings ratio of -5.53 and a beta of 2.50.
Gannett (NYSE:GCI – Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.26) earnings per share for the quarter. Gannett had a negative return on equity of 27.67% and a negative net margin of 4.67%. The business had revenue of $635.76 million during the quarter.
About Gannett
Gannett Co, Inc operates as a media and marketing solutions company in the United States. It operates through three segments: Domestic Gannett Media, Newsquest, and Digital Marketing Solutions. The company's print offerings includes home delivery on a subscription basis; single copy; non-daily publications, such as shoppers and niche publications.
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