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

Daily Journal Co. (NASDAQ:DJCO) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 84,500 shares, an increase of 38.1% from the January 15th total of 61,200 shares. Based on an average trading volume of 21,300 shares, the days-to-cover ratio is presently 4.0 days. Currently, 6.9% of the shares of the stock are short sold.

Daily Journal Price Performance

Shares of NASDAQ:DJCO traded up $6.61 during midday trading on Friday, hitting $433.53. 38,064 shares of the stock were exchanged, compared to its average volume of 25,978. The stock has a market cap of $598.27 million, a P/E ratio of 7.64 and a beta of 0.90. The company has a current ratio of 10.26, a quick ratio of 10.26 and a debt-to-equity ratio of 0.10. Daily Journal has a twelve month low of $317.01 and a twelve month high of $602.00. The company has a 50 day moving average price of $505.97 and a 200-day moving average price of $500.60.

Daily Journal (NASDAQ:DJCO) last announced its earnings results on Monday, December 30th. The company reported $19.41 earnings per share for the quarter. Daily Journal had a net margin of 111.70% and a return on equity of 22.98%.

Institutional Trading of Daily Journal

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC grew its holdings in Daily Journal by 343.1% in the 3rd quarter. Barclays PLC now owns 2,233 shares of the company’s stock valued at $1,094,000 after buying an additional 1,729 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Daily Journal by 133.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,622 shares of the company’s stock valued at $4,226,000 after buying an additional 4,924 shares during the period. Angeles Wealth Management LLC purchased a new stake in Daily Journal in the 4th quarter valued at about $650,000. State Street Corp grew its holdings in Daily Journal by 18.3% in the 3rd quarter. State Street Corp now owns 32,968 shares of the company’s stock valued at $16,158,000 after buying an additional 5,092 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in Daily Journal by 172.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,337 shares of the company’s stock valued at $655,000 after buying an additional 847 shares during the period. Hedge funds and other institutional investors own 51.23% of the company’s stock.

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.