Entravision Communications Co. (NYSE:EVC) Sees Large Increase in Short Interest

Entravision Communications Co. (NYSE:EVC - Get Free Report) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 1,180,000 shares, an increase of 5.4% from the November 30th total of 1,120,000 shares. Based on an average daily trading volume, of 323,500 shares, the short-interest ratio is presently 3.6 days.

Entravision Communications Trading Up 0.9 %

Shares of EVC stock traded up $0.02 during trading hours on Wednesday, hitting $2.35. 225,540 shares of the company were exchanged, compared to its average volume of 556,430. Entravision Communications has a 1 year low of $1.33 and a 1 year high of $4.41. The firm has a fifty day moving average of $2.42 and a 200 day moving average of $2.16. The firm has a market cap of $211.47 million, a PE ratio of -1.90 and a beta of 0.97. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.90.

Entravision Communications Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.05 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.20 annualized dividend and a dividend yield of 8.51%. Entravision Communications's dividend payout ratio (DPR) is presently -16.13%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Founders Financial Securities LLC bought a new position in shares of Entravision Communications in the 2nd quarter worth about $33,000. SG Americas Securities LLC raised its stake in Entravision Communications by 67.9% during the third quarter. SG Americas Securities LLC now owns 21,451 shares of the company's stock worth $44,000 after acquiring an additional 8,674 shares during the period. Fidelis Capital Partners LLC bought a new position in Entravision Communications in the second quarter worth about $46,000. Factorial Partners LLC acquired a new position in Entravision Communications in the third quarter valued at approximately $52,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Entravision Communications by 122.9% during the second quarter. The Manufacturers Life Insurance Company now owns 29,154 shares of the company's stock valued at $59,000 after purchasing an additional 16,072 shares during the last quarter. Institutional investors and hedge funds own 69.46% of the company's stock.

About Entravision Communications

Entravision Communications Corporation operates as an advertising solutions, media, and technology company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics in the United States. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.