The stock of Time Warner Incorporated (NYSE:TWX) registered an increase of 2.71% in short interest. TWX’s total short interest was 11.04M shares in June as published by FINRA. Its up 2.71% from 10.74M shares, reported previously. With 3.68 million shares average volume, it will take short sellers 3 days to cover their TWX’s short positions. The short interest to Time Warner Incorporated’s float is 1.41%. The stock is 0.00% or $0 after the news, hitting $72.88 per share. It is down 6.41% since November 9, 2015 and is uptrending. It has outperformed by 6.75% the S&P500.
Time Warner Inc. is a media and entertainment company. The company has a market cap of $57.41 billion. The Firm operates through three divisions: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of domestic premium pay television and streaming services, and international premium pay, basic tier television services and streaming services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution. It has a 14.71 P/E ratio. The Firm also holds interests in companies that operate broadcast networks.
The institutional sentiment increased to 1.33 in Q1 2016. Its up 0.53, from 0.8 in 2015Q4. The ratio is positive, as 70 funds sold all Time Warner Inc shares owned while 275 reduced positions. 117 funds bought stakes while 343 increased positions. They now own 650.52 million shares or 3.72% more from 627.22 million shares in 2015Q4.
Goldentree Asset Management Lp holds 8.87% of its portfolio in Time Warner Inc for 501,807 shares. Claar Advisors Llc owns 222,222 shares or 8.37% of their US portfolio. Moreover, Sirios Capital Management L P has 7.14% invested in the company for 2.62 million shares. The New York-based Greenlight Capital Inc has invested 7.12% in the stock. Grisanti Capital Management Llc, a New York-based fund reported 195,485 shares.
Read full story at http://www.franklinindependent.com/time-warner-incorporated-nysetwx-sellers-increased-by-2-71-their-shorts/
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