Gray Television (GTN) : The bears are holding on to their shorts in Accenture Plc with 3 more days remaining for them to cover their positions. The bearish positions have increased from 3,405,126 on Jul 29, 2016, to 3,745,182, on August 15, 2016. Daily, 1,237,530 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 340,056 shares, which is an increase of just 10%. The total short interest of 5.9% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.
Gray Television (NYSE:GTN): The stock opened at $11.38 on Wednesday but the bulls could not build on the opening and the stock topped out at $11.46 for the day. The stock traded down to $11.10 during the day, due to lack of any buying support eventually closed down at $11.15 with a loss of -2.11% for the day. The stock had closed at $11.39 on the previous day. The total traded volume was 519,777 shares.
In a related news, The Securities and Exchange Commission has divulged that Norton Hugh, director of Gray Television Inc, had unloaded 7,500 shares at an average price of $17.12 in a transaction dated on July 14, 2015. The total value of the transaction was worth $128,400.
Gray Television Inc. (Gray) is a broadcast company, which owns and/or operates television stations and digital assets in markets throughout the United States. Gray owns and operates television stations in 44 television markets broadcasting 139 program streams including 76 affiliates of the Big Four networks (ABC, CBS, NBC and FOX). Grays owned and/or operated stations include 26 channels affiliated with the CBS Network, 24 channels affiliated with the NBC Network, 16 channels affiliated with the ABC Network and 10 channels affiliated with the FOX Network. Gray reaches approximately 8.1% of total United States television households.