Daily Journal Co. (NASDAQ:DJCO) Short Interest Up 7.0% in August

Daily Journal Co. (NASDAQ:DJCO) was the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 29,100 shares, an increase of 7.0% from the July 31st total of 27,200 shares. Based on an average daily trading volume, of 13,000 shares, the short-interest ratio is presently 2.2 days. Approximately 2.4% of the shares of the company are short sold.

Daily Journal Price Performance

NASDAQ DJCO opened at $469.51 on Wednesday. The stock has a market capitalization of $646.52 million, a PE ratio of 29.11 and a beta of 0.95. The stock has a 50-day simple moving average of $438.26 and a 200 day simple moving average of $390.45. The company has a debt-to-equity ratio of 0.11, a quick ratio of 8.58 and a current ratio of 8.58. Daily Journal has a twelve month low of $286.05 and a twelve month high of $509.97.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Swiss National Bank bought a new position in Daily Journal during the fourth quarter worth $832,000. Pacific Global Investment Management Co. acquired a new position in shares of Daily Journal during the fourth quarter valued at about $208,000. BNP Paribas Financial Markets lifted its stake in shares of Daily Journal by 34.9% in the first quarter. BNP Paribas Financial Markets now owns 680 shares of the company’s stock valued at $246,000 after buying an additional 176 shares during the period. Lazard Asset Management LLC grew its position in Daily Journal by 115.2% during the first quarter. Lazard Asset Management LLC now owns 581 shares of the company’s stock worth $210,000 after buying an additional 311 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Daily Journal by 7.7% during 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. 51.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Daily Journal from a “sell” rating to a “hold” rating in a report on Friday, August 23rd.

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.