Entravision Communications Co. (NYSE:EVC) Short Interest Update

Entravision Communications Co. (NYSE:EVC - Get Free Report) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 1,290,000 shares, a decline of 5.8% from the October 15th total of 1,370,000 shares. Based on an average daily volume of 265,100 shares, the days-to-cover ratio is currently 4.9 days.

Entravision Communications Stock Performance

Entravision Communications stock traded down $0.20 during midday trading on Monday, hitting $2.37. 189,797 shares of the company were exchanged, compared to its average volume of 573,640. The business has a fifty day simple moving average of $2.18 and a two-hundred day simple moving average of $2.09. Entravision Communications has a fifty-two week low of $1.33 and a fifty-two week high of $4.41. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.04 and a current ratio of 2.70. The firm has a market capitalization of $213.28 million, a PE ratio of -2.07 and a beta of 0.97.

Entravision Communications Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 8.44%. The ex-dividend date is Monday, December 16th. Entravision Communications's payout ratio is currently -16.13%.

Institutional Trading of Entravision Communications

A number of hedge funds have recently made changes to their positions in EVC. Vanguard Group Inc. lifted its position in shares of Entravision Communications by 9.0% during the 1st quarter. Vanguard Group Inc. now owns 3,226,137 shares of the company's stock worth $5,291,000 after purchasing an additional 266,642 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Entravision Communications by 1.1% during the 2nd quarter. Renaissance Technologies LLC now owns 2,358,043 shares of the company's stock worth $4,787,000 after buying an additional 26,700 shares during the period. Geode Capital Management LLC grew its holdings in shares of Entravision Communications by 3.4% during the third quarter. Geode Capital Management LLC now owns 1,465,030 shares of the company's stock worth $3,033,000 after buying an additional 48,773 shares in the last quarter. State Street Corp grew its holdings in shares of Entravision Communications by 5.9% in the 3rd quarter. State Street Corp now owns 1,374,611 shares of the company's stock valued at $2,845,000 after acquiring an additional 76,622 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Entravision Communications by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 704,510 shares of the company's stock worth $1,430,000 after buying an additional 25,681 shares in 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.