Short Interest Don’t Lie: Could Demand Media Incorporated (NYSE:DMD) Change Direction After More Shorts?

December 1, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Don't Lie: Could Demand Media Incorporated (NYSE:DMD) Change Direction After More Shorts?

The stock of Demand Media Incorporated (NYSE:DMD) registered an increase of 2.83% in short interest. DMD’s total short interest was 207,100 shares in December as published by FINRA. Its up 2.83% from 201,400 shares, reported previously. With 28,200 shares average volume, it will take short sellers 7 days to cover their DMD’s short positions. The short interest to Demand Media Incorporated’s float is 1.88%. About 11,232 shares traded hands. Leaf Group Ltd (NYSE:LFGR) has risen 10.74% since April 28, 2016 and is uptrending. It has outperformed by 4.81% the S&P500.

Leaf Group Ltd., formerly Demand Media, Inc., incorporated on March 23, 2006, is diversified Internet marketplaces and media company. The company has a market cap of $126.62 million. The Firm has online media properties and marketplace platforms that enable communities of creators to reach audiences in lifestyle categories. It currently has negative earnings. The Firm operates an online studio platform for the professional creation and distribution of content, as well as two online artist marketplaces.

Insitutional Activity: The institutional sentiment decreased to 0.52 in Q2 2016. Its down 0.31, from 0.83 in 2016Q1. The ratio dropped, as 12 funds sold all Leaf Group Ltd shares owned while 11 reduced positions. 6 funds bought stakes while 13 increased positions. They now own 7.34 million shares or 1.76% more from 7.21 million shares in 2016Q1.
Moreover, Punch And Assoc Mngmt Incorporated has 0.35% invested in Leaf Group Ltd (NYSE:LFGR) for 580,600 shares. Renaissance Ltd Llc has 0.01% invested in the company for 639,200 shares. Armistice Cap Limited Company accumulated 1.42% or 720,000 shares. Spot Trading Limited Liability Company accumulated 8,243 shares or 0% of the stock. Invesco Ltd owns 55,840 shares or 0% of their US portfolio. Tower Research Capital Limited Liability Company (Trc) last reported 0.01% of its portfolio in the stock. D E Shaw Co Incorporated has 0% invested in the company for 27,258 shares. Nationwide Fund Advsrs last reported 0% of its portfolio in the stock. Deutsche State Bank Ag has 63,582 shares for 0% of their US portfolio. Paradigm holds 0.02% or 33,850 shares in its portfolio. Moreover, Bridgeway Capital has 0.03% invested in Leaf Group Ltd (NYSE:LFGR) for 338,500 shares. Susquehanna Grp Llp holds 0% of its portfolio in Leaf Group Ltd (NYSE:LFGR) for 45,130 shares. Peak6 Invs L P has invested 0.01% of its portfolio in Leaf Group Ltd (NYSE:LFGR). Morgan Stanley last reported 0% of its portfolio in the stock. Jacobs Levy Equity has 26,136 shares for 0% of their US portfolio.

More recent Leaf Group Ltd (NYSE:LFGR) news were published by: Reuters.com which released: “BRIEF-Demand Media announced its new corporate name, Leaf Group Ltd” on November 09, 2016. Also Businesswire.com published the news titled: “Demand Media Announces Intent to Change Name to Leaf Group” on October 28, 2016. Reuters.com‘s news article titled: “BRIEF-Demand Media announces intent to change name to Leaf Group” with publication date: October 28, 2016 was also an interesting one.

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By Pete Kolinski


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