Tronc Inc (NASDAQ:TRNC) Reports Increase in Sellers; Strong Momentum for Short Players

October 13, 2018 - By Ash

The stock of Tronc Inc (NASDAQ:TRNC) registered an increase of 9.27% in short interest. TRNC’s total short interest was 478,600 shares in October as published by FINRA. Its up 9.27% from 438,000 shares, reported previously. With 171,800 shares average volume, it will take short sellers 3 days to cover their TRNC’s short positions. The short interest to Tronc Inc’s float is 2.93%.

The stock decreased 0.68% or $0.11 during the last trading session, reaching $16.11. About 94,448 shares traded. tronc, Inc. (NASDAQ:TRNC) has risen 17.55% since October 13, 2017 and is uptrending. It has outperformed by 1.93% the S&P500.

tronc, Inc., a media company, publishes newspapers. The company has market cap of $571.27 million. The firm operates in two divisions, troncM and troncX. It has a 2.19 P/E ratio. It operates 9 daily newspapers; weekly newspapers; and approximately 130 digital platforms online, as well as on mobile applications.

More notable recent tronc, Inc. (NASDAQ:TRNC) news were published by: Seekingalpha.com which released: “Report: Tronc inches toward McClatchy merger” on October 05, 2018, also Streetinsider.com with their article: “Tribune Publishing (TRNC) is Close to Merger with McClatchy (MNI) – NYP (Friday)” published on October 08, 2018, Globenewswire.com published: “Bill and Giuliana Rancic to “THRIVE” in Fort Lauderdale” on September 25, 2018. More interesting news about tronc, Inc. (NASDAQ:TRNC) were released by: Globenewswire.com and their article: “tronc, Inc. Announces Plan to Rename Company Tribune Publishing Company” published on October 04, 2018 as well as Globenewswire.com‘s news article titled: “Sun Sentinel and Wondery Launch Season 2 of “Felonious Florida”” with publication date: October 02, 2018.

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