Paramount Global (NASDAQ:PARAA) Short Interest Down 14.4% in February

Paramount Global (NASDAQ:PARAA - Get Free Report) was the recipient of a large decrease in short interest in February. As of February 28th, there was short interest totalling 288,800 shares, a decrease of 14.4% from the February 13th total of 337,400 shares. Based on an average trading volume of 31,200 shares, the short-interest ratio is presently 9.3 days. Approximately 3.2% of the company's stock are sold short.

Institutional Trading of Paramount Global

A number of institutional investors and hedge funds have recently modified their holdings of the business. State of Wyoming increased its holdings in shares of Paramount Global by 97.9% in the 4th quarter. State of Wyoming now owns 4,788 shares of the company's stock worth $107,000 after purchasing an additional 2,369 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Paramount Global by 41.2% in the 4th quarter. Millennium Management LLC now owns 230,283 shares of the company's stock worth $5,135,000 after purchasing an additional 67,177 shares in the last quarter. AQR Arbitrage LLC bought a new stake in shares of Paramount Global in the 4th quarter worth $1,335,000. Northern Trust Corp increased its holdings in shares of Paramount Global by 98.1% in the 4th quarter. Northern Trust Corp now owns 35,264 shares of the company's stock worth $786,000 after purchasing an additional 17,461 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in shares of Paramount Global by 1,152.0% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 125,200 shares of the company's stock worth $2,792,000 after purchasing an additional 115,200 shares in the last quarter. Institutional investors own 5.98% of the company's stock.

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Paramount Global Stock Down 0.2 %

Shares of NASDAQ:PARAA traded down $0.04 during trading on Friday, hitting $22.70. The stock had a trading volume of 60,701 shares, compared to its average volume of 53,768. Paramount Global has a 12 month low of $16.59 and a 12 month high of $26.34. The company has a market capitalization of $15.14 billion, a PE ratio of -2.76 and a beta of 1.57. The firm's fifty day moving average is $22.66 and its 200 day moving average is $22.38. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.85.

Paramount Global (NASDAQ:PARAA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.27). Paramount Global had a negative net margin of 18.89% and a positive return on equity of 5.81%. The company had revenue of $7.98 billion for the quarter, compared to the consensus estimate of $8.07 billion. Analysts anticipate that Paramount Global will post 2.25 EPS for the current fiscal year.

Paramount Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Monday, March 17th. Paramount Global's dividend payout ratio (DPR) is presently -2.15%.

Paramount Global Company Profile

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.