Short Interest Don’t Lie: Dennys Corporation (NASDAQ:DENN) Has Increase in Shorts

December 1, 2016 - By Richard Conner   ·   0 Comments

Short Interest Don't Lie: Dennys Corporation (NASDAQ:DENN) Has Increase in Shorts

The stock of Dennys Corporation (NASDAQ:DENN) registered an increase of 2.91% in short interest. DENN’s total short interest was 2.51 million shares in December as published by FINRA. Its up 2.91% from 2.44 million shares, reported previously. With 276,000 shares average volume, it will take short sellers 9 days to cover their DENN’s short positions. The short interest to Dennys Corporation’s float is 3.45%. The stock closed at $12.09 during the last session. It is down 20.90% since April 28, 2016 and is uptrending. It has outperformed by 14.97% the S&P500.

Denny’s Corporation is a franchised service restaurant chain. The company has a market cap of $874.71 million. The Company, through its subsidiary, Denny’s, Inc., owns and operates the Denny’s brand. It has a 57.34 P/E ratio. The Denny’s brand consists of approximately 1,710 franchised, licensed and firm operated restaurants around the world, including over 1,600 restaurants in the United States and over 110 international locations.

Insitutional Activity: The institutional sentiment increased to 0.79 in 2016 Q2. Its up 0.04, from 0.75 in 2016Q1. The ratio increased, as 19 funds sold all Denny’s Corporation shares owned while 57 reduced positions. 16 funds bought stakes while 41 increased positions. They now own 66.97 million shares or 2.10% less from 68.41 million shares in 2016Q1.
Avenir holds 7.32% of its portfolio in Denny’s Corporation (NASDAQ:DENN) for 8.34 million shares. Aqr Cap Limited accumulated 0% or 260,144 shares. Balyasny Asset Limited owns 68,360 shares or 0% of their US portfolio. California State Teachers Retirement System has 0% invested in the company for 158,994 shares. Parametric Port Associate Limited Liability has 0% invested in the company for 260,242 shares. Manufacturers Life Company The holds 0% of its portfolio in Denny’s Corporation (NASDAQ:DENN) for 52,500 shares. Schwab Charles Investment Management last reported 0% of its portfolio in the stock. Landscape Cap Mngmt Llc accumulated 88,482 shares or 0.13% of the stock. Martingale Asset Mgmt L P last reported 173,782 shares in the company. Brown Advisory accumulated 0.12% or 3.07 million shares. 1St Global Inc holds 0.02% or 12,900 shares in its portfolio. Princeton Alpha Management L P reported 46,180 shares or 0.09% of all its holdings. State Teachers Retirement has 6,600 shares for 0% of their US portfolio. Granite Point Cap Mgmt Ltd Partnership accumulated 0.37% or 81,000 shares. Susquehanna Group Llp owns 97,650 shares or 0% of their US portfolio.

Insider Transactions: Since November 3, 2016, the stock had 0 insider buys, and 5 insider sales for $2.15 million net activity. SMITHART-OGLESBY DEBRA had sold 2,281 shares worth $26,232. Flemming Timothy E. sold $174,899 worth of Denny’s Corporation (NASDAQ:DENN) on Wednesday, November 9. 42,100 shares were sold by WOLFINGER F MARK, worth $517,043 on Friday, November 11.

Denny’s Corporation (NASDAQ:DENN) Ratings Coverage

Out of 4 analysts covering Denny’s Co. (NASDAQ:DENN), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Denny’s Co. has been the topic of 9 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was maintained by Wedbush on Saturday, August 29 with “Outperform”. The company was initiated on Wednesday, April 20 by Nomura. As per Friday, August 21, the company rating was maintained by Longbow. The stock has “Outperform” rating given by Wedbush on Tuesday, May 3. The rating was maintained by Longbow with “Positive” on Monday, August 24. The stock has “Buy” rating given by Zacks on Tuesday, August 4. Stephens maintained Denny’s Corporation (NASDAQ:DENN) on Tuesday, January 12 with “Equal-Weight” rating.

DENN Company Profile

Denny’s Corporation (Denny’s), incorporated on September 29, 1988, is a franchised service restaurant chain. The Company, through its subsidiary, Denny’s, Inc., owns and operates the Denny’s brand. The Denny’s brand consists of approximately 1,710 franchised, licensed and firm operated restaurants around the world, including over 1,600 restaurants in the United States and over 110 international locations. The Company’s approximately 1,550 restaurants are franchised or licensed, representing 90% of the total restaurants, and over 160 are firm operated.

More recent Denny’s Corporation (NASDAQ:DENN) news were published by: Seekingalpha.com which released: “Denny’s Rallies But What’s Next?” on November 29, 2016. Also Globenewswire.com published the news titled: “Denny’s Corporation Reports Results for Third Quarter 2016” on November 01, 2016. Globenewswire.com‘s news article titled: “Denny’s Corporation Announces New $100 Million Share Repurchase Authorization” with publication date: May 26, 2016 was also an interesting one.

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By Richard Conner


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