Paramount Global (NASDAQ:PARAA) Short Interest Update

Paramount Global (NASDAQ:PARAA - Get Free Report) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 204,500 shares, a decline of 23.9% from the March 15th total of 268,600 shares. Based on an average daily volume of 22,400 shares, the short-interest ratio is presently 9.1 days. Approximately 2.3% of the shares of the company are sold short.

Institutional Investors Weigh In On Paramount Global

Several large investors have recently modified their holdings of the stock. Mariner LLC lifted its position in shares of Paramount Global by 10.0% during the 4th quarter. Mariner LLC now owns 15,657 shares of the company's stock valued at $349,000 after acquiring an additional 1,425 shares during the period. State of Wyoming increased its stake in Paramount Global by 97.9% in the 4th quarter. State of Wyoming now owns 4,788 shares of the company's stock valued at $107,000 after purchasing an additional 2,369 shares in the last quarter. Central Pacific Bank Trust Division raised its holdings in Paramount Global by 6.9% during the first quarter. Central Pacific Bank Trust Division now owns 38,500 shares of the company's stock worth $876,000 after purchasing an additional 2,500 shares during the last quarter. State Street Corp boosted its position 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 in the last quarter. Finally, Northern Trust Corp grew its holdings in Paramount Global by 98.1% in the fourth quarter. Northern Trust Corp now owns 35,264 shares of the company's stock valued at $786,000 after purchasing an additional 17,461 shares during the last quarter. Hedge funds and other institutional investors own 5.98% of the company's stock.

Paramount Global Stock Performance

PARAA traded down $0.29 during trading on Thursday, hitting $22.49. 62,191 shares of the stock were exchanged, compared to its average volume of 51,047. The firm has a market capitalization of $15.00 billion, a P/E ratio of -2.74 and a beta of 1.33. Paramount Global has a 1-year low of $16.59 and a 1-year high of $26.34. The stock has a fifty day moving average price of $22.64 and a two-hundred day moving average price of $22.50. 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 announced its earnings results on Wednesday, February 26th. The company reported ($0.11) EPS 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 business had revenue of $7.98 billion during the quarter, compared to analysts' expectations of $8.07 billion. As a group, sell-side analysts predict that Paramount Global will post 2.25 earnings per share for the current year.

Paramount Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.20 annualized dividend and a dividend yield of 0.89%. Paramount Global's dividend payout ratio (DPR) is currently -2.15%.

About Paramount Global

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.