What’s Propelling Gannett CO Inc (NYSE:GCI) After Higher Shorts Reported?

Gannett Co., Inc. (NYSE:GCI) Logo

The stock of Gannett CO Inc (NYSE:GCI) registered an increase of 0.55% in short interest. GCI’s total short interest was 16.97M shares in August as published by FINRA. Its up 0.55% from 16.87M shares, reported previously. With 1.21M shares average volume, it will take short sellers 14 days to cover their GCI’s short positions. The short interest to Gannett CO Inc’s float is 15.15%.

The stock increased 0.41% or $0.04 during the last trading session, reaching $9.83. About 2.50 million shares traded or 25.12% up from the average. Gannett Co., Inc. (NYSE:GCI) has declined 2.66% since August 16, 2018 and is downtrending. It has underperformed by 2.66% the S&P500.

Gannett Co., Inc. operates as a news and information company. The company has market cap of $1.13 billion. The firm operates through Publishing and ReachLocal divisions. It has a 81.24 P/E ratio. The firm offers approximately print and digital daily and non-daily publications under the USA TODAY brand name in the United States; and Newsquest, which has print and online publications portfolio of approximately 165 news brands and 55 magazines in the United Kingdom.

More notable recent Gannett Co., Inc. (NYSE:GCI) news were published by: Bizjournals.com which released: “GateHouse parent company to buy Gannett – St. Louis Business Journal” on August 05, 2019, also Benzinga.com with their article: “26 Stocks Moving In Friday’s Pre-Market Session – Benzinga” published on July 19, 2019, Seekingalpha.com published: “New Media boosts revenue amid higher costs – Seeking Alpha” on August 05, 2019. More interesting news about Gannett Co., Inc. (NYSE:GCI) were released by: Streetinsider.com and their article: “Gannett (GCI) in Advanced Merger Talks with Gatehouse Media – DJ – StreetInsider.com” published on July 18, 2019 as well as Benzinga.com‘s news article titled: “Hedge Fund-Backed Digital First Makes Offer For Gannett – Benzinga” with publication date: January 14, 2019.

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