Today’s Stock On Watch: Could Townsquare Media Incorporated (NYSE:TSQ) See a Reversal After Less Sellers Came In?

November 18, 2016 - By Marguerite Chambers   ·   0 Comments

Today's Stock On Watch: Could Townsquare Media Incorporated (NYSE:TSQ) See a Reversal After Less Sellers Came In?

The stock of Townsquare Media Incorporated (NYSE:TSQ) registered a decrease of 4.69% in short interest. TSQ’s total short interest was 209,300 shares in November as published by FINRA. Its down 4.69% from 219,600 shares, reported previously. With 78,300 shares average volume, it will take short sellers 3 days to cover their TSQ’s short positions. The short interest to Townsquare Media Incorporated’s float is 2.47%. The stock 0.06% or $0 on November 17, hitting $8.98. It is down 17.08% since April 18, 2016 and is downtrending. It has underperformed by 21.51% the S&P500.

Townsquare Media, Inc. is a media, entertainment and digital marketing solutions firm principally focused on small and mid-sized markets across the United States. The company has a market cap of $167.42 million. The Firm operates through two divisions: Local Advertising and Live Events. It has a 11.4 P/E ratio. The Company’s Local Advertising segment offers broadcast, digital and mobile advertising within its local markets.

Townsquare Media Inc (NYSE:TSQ) Ratings Coverage

Out of 2 analysts covering Townsquare Media (NYSE:TSQ), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Townsquare Media has been the topic of 3 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, May 23 by Macquarie Research.

TSQ Company Profile

Townsquare Media, Inc., incorporated on February 26, 2010, is a media, entertainment and digital marketing solutions firm principally focused on small and mid-sized markets across the United States. The Firm operates through two divisions: Local Advertising and Live Events. The Company’s Local Advertising segment offers broadcast, digital and mobile advertising within its local markets. The Company’s Live Events segment consists of a range of live events, which the Company creates, promotes and produces, including music concerts, multi-day music festivals, fairs, consumer expositions and trade shows, athletic events, lifestyle events and other forms of entertainment. The Firm reports the remainder of its business in its Other Media and Entertainment category, which principally provides digital marketing solutions, e-commerce solutions and digital advertising services nationally.

More important recent Townsquare Media Inc (NYSE:TSQ) news were published by: Marketwatch.com which released: “Townsquare Media Inc. Cl A” on May 12, 2011, also Wsj.com published article titled: “Madison Square Garden Takes 12% Stake in Townsquare Media”, Quotes.Wsj.com published: “DOW JONES, A NEWS CORP COMPANY” on July 18, 2014. More interesting news about Townsquare Media Inc (NYSE:TSQ) was released by: Prnewswire.com and their article: “Townsquare Hires Scott Epstein To Lead Live Events Sponsorship Sales” with publication date: September 08, 2016.

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By Marguerite Chambers


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