TEGNA (TGNA) has 9,690,580 shares of shorts outstanding as on August 15, 2016, with 6 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 10,505,262 shares. The stock has a decent trading volume of 1,683,355 shares daily. The marginal decrease in the short positions is by -7.8%, which amounts to -814,682 shares. Short positions are 4.5% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
TEGNA (NYSE:TGNA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.39 and $21.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.49, notching a gain of 0.19% for the day. The total traded volume was 1,612,658 . The stock had closed at $21.45 on the previous day.
TEGNA Inc., formerly Gannett Co., 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. The Companys Digital business segment includes Cars.com, CareerBuilder and Shoplocal.