Short Interest Worth Watching: Is Tronc Incorporated (NASDAQ:TRNC) a Buy? The Stock Reported Less Sellers

November 18, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Worth Watching: Is Tronc Incorporated (NASDAQ:TRNC) a Buy? The Stock Reported Less Sellers

The stock of Tronc Incorporated (NASDAQ:TRNC) registered a decrease of 14.19% in short interest. TRNC’s total short interest was 1.20 million shares in November as published by FINRA. Its down 14.19% from 1.40 million shares, reported previously. With 180,300 shares average volume, it will take short sellers 7 days to cover their TRNC’s short positions. The short interest to Tronc Incorporated’s float is 6.84%. The stock decreased 0.31% or $0.04 during the last trading session, hitting $12.86. tronc Inc (NASDAQ:TRNC) has risen 71.70% since April 18, 2016 and is uptrending. It has outperformed by 67.27% the S&P500.

tronc, Inc., formerly Tribune Publishing Company, is a content curation and monetization firm focused on creating and distributing content across all channels. The company has a market cap of $483.07 million. The Company’s portfolio of news and information brands includes daily and weekly titles, digital properties and verticals in markets across the country. It currently has negative earnings. The Company’s brands are sources of local news and information across all platforms, including print, online, mobile and social, in the markets they serve.

TRNC Company Profile

tronc, Inc., formerly Tribune Publishing Company, incorporated on November 21, 2013, is a content curation and monetization firm focused on creating and distributing content across all channels. The Company’s portfolio of news and information brands includes daily and weekly titles, digital properties and verticals in markets across the country. The Company’s brands are sources of local news and information across all platforms, including print, online, mobile and social, in the markets they serve.

More notable recent tronc Inc (NASDAQ:TRNC) news were published by: Marketwatch.com which released: “Tronc said it had agreed with Gannett on a purchase price in mid-September” on June 20, 2016, also Businesswire.com with their article: “Tribune Publishing Announces Corporate Rebranding, Changes Name to tronc” published on June 02, 2016, Bloomberg.com published: “Gannett-Tronc Deal in Doubt as Banks Pull Financing” on October 27, 2016. More interesting news about tronc Inc (NASDAQ:TRNC) were released by: Investorplace.com and their article: “Gannett Co Inc (GCI) Drops Bid for ‘Chicago Tribune’ Publisher Tronc Inc (TRNC)” published on November 01, 2016 as well as Businesswire.com‘s news article titled: “tronc, Inc. Schedules Second Quarter 2016 Earnings on August 3, 2016” with publication date: July 26, 2016.

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By Marie Mckinney


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