Gannett Co Inc (NYSE:GCI) encountered a drop of 8.4% or -589,003 shares in the short positions. The number dropped from 7,047,517 on May 31,2016 to 6,458,514 on June 15,2016. The final interest is 6% of the floated stock. The days to cover figure of 6 can be arrived using the average daily exchange of 1,024,268 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Gannett Co Inc (NYSE:GCI): The stock opened at $14.22 on Friday but the bulls could not build on the opening and the stock topped out at $14.65 for the day. The stock traded down to $14.10 during the day, due to lack of any buying support eventually closed down at $14.20 with a loss of -3.07% for the day. The stock had closed at $14.65 on the previous day. The total traded volume was 11,497,998 shares.
The company shares have rallied 0.50% from its 1 Year high price. On Dec 1, 2015, the shares registered one year high at $17.91 and the one year low was seen on Jul 6, 2015. The 50-Day Moving Average price is $15.47 and the 200 Day Moving Average price is recorded at $15.51.
Gannett Co Inc (NYSE:GCI) has tumbled 6.02% during the past week and has dropped 9.03% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4.46%. Gannett Co Inc (NYSE:GCI) has underperformed the index by 6.28% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Gannett Co., Inc., formerly Gannett Spinco, Inc., is a media and marketing solutions company. The Company is engaged in providing local content on a range of platforms in the United States. The Company operates through Broadcasting and Digital segments. It also provides digital marketing services and Internet-based human resource solutions. Its digital media products and services include search, social media and Website development, among others. The Company offers its services in a range of geographies, demographics and content areas. The Company provides consumers with the information and entertainment, and connects consumers to their communities through various platforms, such as television stations, desktop, smartphone and tablet products. Its Broadcasting segment includes an independent station group of network affiliates. Its Digital business segment includes Cars.com, CareerBuilder, PointRoll and Shoplocal.