New York Times Company (The) (NYT) : Traders are increasing their bearish positions on the stock, as is visible by the 1.6% jump in the outstanding short positions; a total addition of 79,653 shares on the sell side. On Jul 29, 2016, the total short positions were 4,876,082 shares, which went up to 4,955,735 shares by the close of trading on August 15, 2016. It will take 8 days for the bears to roll over or cover. An average of 617,947 shares exchange hands daily. 4% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.
New York Times Company (The) (NYSE:NYT): The stock opened at $13.12 on Wednesday but the bulls could not build on the opening and the stock topped out at $13.20 for the day. The stock traded down to $13.05 during the day, due to lack of any buying support eventually closed down at $13.07 with a loss of -0.76% for the day. The stock had closed at $13.17 on the previous day. The total traded volume was 311,254 shares.
In a related news, Richieri Kenneth A, officer (EVP & GENERAL COUNSEL) of New York Times Co, unloaded 25,058 shares at an average price of $12.91 on August 5, 2016. The total amount of the transaction was worth $323,499, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
The New York Times Company is a media organization focused on creating, collecting and distributing news and information. The Company includes newspapers, digital businesses and investments in paper mills. The Companys businesses include The New York Times (The Times); the International New York Times (INYT), the international edition of The Times; its Websites, NYTimes.com and international.nytimes.com, and related businesses, such as The Times news services division, digital archive distribution, conferences business and other products and services. The Times is a daily (Monday to Saturday) and Sunday newspaper, and INYT is a daily newspaper. The Companys content reaches its audience through its print products, online and through other digital media, including smartphone, tablet and e-reader applications. The Company generates revenues principally from circulation and advertising.