Short Interest in Daily Journal Co. (NASDAQ:DJCO) Expands By 5.5%

Daily Journal Co. (NASDAQ:DJCO - Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 53,600 shares, a growth of 5.5% from the September 30th total of 50,800 shares. Based on an average daily volume of 15,500 shares, the short-interest ratio is presently 3.5 days. Approximately 4.3% of the shares of the company are sold short.

Daily Journal Stock Performance

Daily Journal stock traded down $10.23 during midday trading on Thursday, hitting $487.85. 7,038 shares of the company's stock were exchanged, compared to its average volume of 11,044. The firm's 50 day simple moving average is $484.11 and its 200 day simple moving average is $426.05. Daily Journal has a 12-month low of $286.63 and a 12-month high of $512.49. The company has a debt-to-equity ratio of 0.11, a quick ratio of 8.58 and a current ratio of 8.58. The stock has a market cap of $671.77 million, a price-to-earnings ratio of 30.81 and a beta of 0.91.

Daily Journal (NASDAQ:DJCO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.79 EPS for the quarter. Daily Journal had a return on equity of 15.90% and a net margin of 62.70%. The firm had revenue of $17.49 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com raised Daily Journal from a "sell" rating to a "hold" rating in a report on Friday, August 23rd.

Institutional Investors Weigh In On Daily Journal

Several hedge funds have recently modified their holdings of DJCO. BNP Paribas Financial Markets raised its holdings in Daily Journal by 34.9% during the first quarter. BNP Paribas Financial Markets now owns 680 shares of the company's stock worth $246,000 after purchasing an additional 176 shares in the last quarter. Swiss National Bank grew its holdings in Daily Journal by 4.1% during the first quarter. Swiss National Bank now owns 2,542 shares of the company's stock worth $919,000 after acquiring an additional 100 shares during the period. Lazard Asset Management LLC raised its position in Daily Journal by 115.2% in the first quarter. Lazard Asset Management LLC now owns 581 shares of the company's stock worth $210,000 after acquiring an additional 311 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Daily Journal by 7.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 896 shares of the company's stock valued at $325,000 after acquiring an additional 64 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Daily Journal by 7.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,924 shares of the company's stock worth $1,942,000 after purchasing an additional 324 shares in the last quarter. 51.23% of the stock is owned by institutional investors and hedge funds.

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.