Short Interest in Daily Journal Co. (NASDAQ:DJCO) Drops By 5.8%

Daily Journal Co. (NASDAQ:DJCOGet Free Report) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 6,500 shares, a decrease of 5.8% from the October 15th total of 6,900 shares. Based on an average daily trading volume, of 2,200 shares, the days-to-cover ratio is presently 3.0 days. Currently, 0.5% of the shares of the company are short sold.

Institutional Investors Weigh In On Daily Journal

A number of institutional investors have recently bought and sold shares of DJCO. RWWM Inc. grew its position in shares of Daily Journal by 6.7% during the third quarter. RWWM Inc. now owns 323,892 shares of the company’s stock valued at $95,224,000 after purchasing an additional 20,197 shares in the last quarter. BlackRock Inc. grew its position in shares of Daily Journal by 3.9% during the second quarter. BlackRock Inc. now owns 79,729 shares of the company’s stock valued at $23,064,000 after purchasing an additional 2,959 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Daily Journal by 0.5% during the first quarter. Vanguard Group Inc. now owns 39,971 shares of the company’s stock valued at $12,470,000 after purchasing an additional 204 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Daily Journal by 4.9% during the second quarter. Geode Capital Management LLC now owns 23,914 shares of the company’s stock valued at $6,918,000 after purchasing an additional 1,116 shares in the last quarter. Finally, State Street Corp grew its position in shares of Daily Journal by 3.4% during the second quarter. State Street Corp now owns 22,772 shares of the company’s stock valued at $6,587,000 after purchasing an additional 739 shares in the last quarter. Hedge funds and other institutional investors own 46.91% of the company’s stock.

Daily Journal Price Performance

Daily Journal stock traded up $2.10 during trading on Friday, reaching $326.10. The company had a trading volume of 6,721 shares, compared to its average volume of 2,297. Daily Journal has a 52 week low of $250.00 and a 52 week high of $327.80. The firm’s 50-day simple moving average is $296.61 and its 200 day simple moving average is $291.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 9.24 and a quick ratio of 9.24.

Daily Journal (NASDAQ:DJCOGet Free Report) last announced its earnings results on Monday, August 14th. The company reported $0.49 EPS for the quarter. Daily Journal had a positive return on equity of 5.34% and a negative net margin of 25.84%. The company had revenue of $17.70 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Daily Journal in a report on Thursday, October 5th. They set a “hold” rating on the stock.

Check Out Our Latest Stock Report on Daily Journal

About Daily Journal

(Get Free Report)

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, The Daily Transcript, Business Journal, and The Record Reporter.

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