Daily Journal Co. (NASDAQ:DJCO) Short Interest Update

Daily Journal Co. (NASDAQ:DJCO) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 53,600 shares, an increase of 5.5% from the September 30th total of 50,800 shares. Based on an average trading volume of 15,500 shares, the short-interest ratio is currently 3.5 days. Approximately 4.3% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, StockNews.com raised Daily Journal from a “sell” rating to a “hold” rating in a report on Friday, August 23rd.

Institutional Investors Weigh In On Daily Journal

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in Daily Journal in the 3rd quarter valued at about $245,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Daily Journal during the 2nd quarter worth $210,000. Lazard Asset Management LLC lifted its position in Daily Journal by 115.2% in the first quarter. Lazard Asset Management LLC now owns 581 shares of the company’s stock valued at $210,000 after acquiring an additional 311 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Daily Journal in the third quarter valued at about $309,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Daily Journal by 34.9% during the first quarter. BNP Paribas Financial Markets now owns 680 shares of the company’s stock worth $246,000 after acquiring an additional 176 shares during the period. 51.23% of the stock is owned by institutional investors and hedge funds.

Daily Journal Trading Up 1.7 %

Shares of NASDAQ DJCO opened at $493.43 on Friday. The business’s 50 day moving average is $484.66 and its two-hundred day moving average is $426.46. The company has a debt-to-equity ratio of 0.11, a current ratio of 8.58 and a quick ratio of 8.58. Daily Journal has a 1-year low of $289.52 and a 1-year high of $512.49. The stock has a market capitalization of $680.93 million, a P/E ratio of 15.14 and a beta of 0.91.

Daily Journal (NASDAQ:DJCO) last posted its earnings results on Wednesday, August 14th. The company reported $0.79 earnings per share for the quarter. Daily Journal had a return on equity of 15.90% and a net margin of 62.70%. The company had revenue of $17.49 million during the quarter.

Daily Journal Company Profile

Daily Journal Corporation operates in publishing of newspapers and websites covering in California, Arizona, Utah, and Australia. It operates in two segments, Traditional Business and Journal Technologies. The company publishes 10 newspapers of general circulation, including Los Angeles Daily Journal, San Francisco Daily Journal, Daily Commerce, The Daily Recorder, The Inter-City Express, San Jose Post-Record, Orange County Reporter, Business Journal, The Daily Transcript, and The Record Reporter.