Short Interest to Follow: What’s Propelling Tegna Incorporated (NYSE:TGNA) After Higher Shorts Reported?

November 17, 2016 - By Richard Conner   ·   0 Comments

Short Interest to Follow: What’s Propelling Tegna Incorporated (NYSE:TGNA) After Higher Shorts Reported?

The stock of Tegna Incorporated (NYSE:TGNA) registered an increase of 11.44% in short interest. TGNA’s total short interest was 7.36M shares in November as published by FINRA. Its up 11.44% from 6.60M shares, reported previously. With 2.28M shares average volume, it will take short sellers 3 days to cover their TGNA’s short positions. The short interest to Tegna Incorporated’s float is 3.44%. About 754,789 shares traded hands. Tegna Inc (NYSE:TGNA) has declined 4.23% since April 15, 2016 and is downtrending. It has underperformed by 8.86% the S&P500.

TEGNA Inc., formerly Gannett Co., Inc., includes a portfolio of media and digital businesses that provide content. The company has a market cap of $4.98 billion. The Firm operates through two divisions: TEGNA Media and TEGNA Digital (Digital Segment). It has a 10.7 P/E ratio. The Company’s media business includes approximately 50 television stations operating in over 40 markets and offers television programming and digital content.

Tegna Inc (NYSE:TGNA) Ratings Coverage

Out of 8 analysts covering Tegna Inc (NYSE:TGNA), 4 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 50% are positive. Tegna Inc has been the topic of 17 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was downgraded by Jefferies on Tuesday, August 4 to “Hold”. Stephens initiated it with “Overweight” rating and $34 target price in Wednesday, November 18 report. The rating was downgraded by Wells Fargo on Monday, August 24 to “Outperform”. As per Friday, June 10, the company rating was downgraded by Evercore. The firm has “Equal-Weight” rating given on Friday, August 14 by Barclays Capital. The firm has “Outperform” rating by Barrington Research given on Wednesday, August 26. The company was upgraded on Tuesday, November 1 by FBR Capital. The firm has “Market Perform” rating given on Tuesday, August 18 by Wells Fargo. The stock of Tegna Inc (NYSE:TGNA) earned “Hold” rating by Jefferies on Wednesday, July 27. The stock of Tegna Inc (NYSE:TGNA) has “Buy” rating given on Friday, August 19 by Benchmark.

TGNA Company Profile

TEGNA Inc., formerly Gannett Co., Inc., incorporated on February 23, 1972, includes a portfolio of media and digital businesses that provide content. The Firm operates through two divisions: TEGNA Media (Media Segment) and TEGNA Digital (Digital Segment). The Company’s media business includes approximately 50 television stations operating in over 40 markets and offers television programming and digital content. The Company’s digital business consists of its Cars.com and CareerBuilder business units that operate in the automotive and human capital solutions industries.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Richard Conner


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>