Short Interest in Value Line, Inc. (NASDAQ:VALU) Rises By 30.1%

Value Line, Inc. (NASDAQ:VALU) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 13,400 shares, an increase of 30.1% from the September 30th total of 10,300 shares. Currently, 1.7% of the company’s shares are sold short. Based on an average daily volume of 9,100 shares, the short-interest ratio is presently 1.5 days.

Value Line Price Performance

Shares of Value Line stock traded up $0.89 during trading on Monday, hitting $49.22. The stock had a trading volume of 2,737 shares, compared to its average volume of 5,563. Value Line has a 12 month low of $36.00 and a 12 month high of $58.45. The firm’s fifty day simple moving average is $45.02 and its 200-day simple moving average is $42.52. The stock has a market cap of $463.90 million, a PE ratio of 24.91 and a beta of 0.85.

Value Line (NASDAQ:VALU) last announced its quarterly earnings data on Friday, September 13th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter. Value Line had a net margin of 54.72% and a return on equity of 22.29%. The business had revenue of $8.88 million during the quarter.

Value Line Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Monday, October 28th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Monday, October 28th. Value Line’s dividend payout ratio is currently 61.86%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Value Line stock. Capital Investment Counsel Inc grew its stake in shares of Value Line, Inc. (NASDAQ:VALU) by 57.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,274 shares of the financial services provider’s stock after acquiring an additional 4,100 shares during the period. Capital Investment Counsel Inc owned about 0.12% of Value Line worth $486,000 at the end of the most recent quarter. Institutional investors own 6.26% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Value Line from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th.

Value Line Company Profile

Value Line, Inc produces and sells investment periodicals and related publications. Its investment periodicals and related publications cover a range of investments, including stocks, mutual funds, exchange traded funds (ETFs), and options. The company's research services include The Value Line Investment Survey, The Value Line Investment Survey – Small and Mid-Cap, The Value Line 600, and The Value Line Fund Advisor Plus that provide statistical and text coverage of various investment securities, with an emphasis placed on its proprietary research, analysis, and statistical ranks.