Paramount Global (NASDAQ:PARAA - Get Free Report) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 409,200 shares, a drop of 19.8% from the December 15th total of 510,200 shares. Based on an average daily volume of 40,600 shares, the short-interest ratio is presently 10.1 days. Currently, 4.6% of the shares of the company are short sold.
Paramount Global Price Performance
Shares of PARAA remained flat at $22.52 during midday trading on Thursday. The stock had a trading volume of 7,711 shares, compared to its average volume of 38,351. The firm has a fifty day moving average of $22.56 and a 200 day moving average of $22.22. The stock has a market capitalization of $15.02 billion, a P/E ratio of -2.74 and a beta of 1.63. Paramount Global has a 12 month low of $16.59 and a 12 month high of $26.34. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.85.
Hedge Funds Weigh In On Paramount Global
A number of hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its stake in Paramount Global by 13.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 28,315 shares of the company's stock worth $520,000 after acquiring an additional 3,281 shares during the period. Quest Partners LLC bought a new position in Paramount Global in the third quarter valued at approximately $106,000. Dimensional Fund Advisors LP raised its position in Paramount Global by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 143,261 shares of the company's stock valued at $2,633,000 after purchasing an additional 6,309 shares in the last quarter. State Street Corp lifted its stake in Paramount Global by 20.2% during the third quarter. State Street Corp now owns 49,366 shares of the company's stock worth $1,082,000 after purchasing an additional 8,287 shares during the last quarter. Finally, Gladius Capital Management LP acquired a new stake in shares of Paramount Global in the 3rd quarter valued at $233,000. 5.98% of the stock is owned by institutional investors.
About Paramount Global
(
Get Free Report)
Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; and international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; domestic premium and basic cable networks, such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, and CBS Sports Network; and international extensions of these brands.
Read More
Before you consider Paramount Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Paramount Global wasn't on the list.
While Paramount Global currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
