Daily Stock Market News

Paramount Global (NASDAQ:PARAP) Short Interest Update


Paramount Global (NASDAQ:PARAPGet Rating) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 321,800 shares, a drop of 38.4% from the October 15th total of 522,800 shares. Based on an average daily volume of 55,500 shares, the short-interest ratio is currently 5.8 days.

Hedge Funds Weigh In On Paramount Global

Several large investors have recently modified their holdings of the stock. McIlrath & Eck LLC bought a new position in Paramount Global during the third quarter worth $31,000. Signaturefd LLC bought a new position in shares of Paramount Global in the 3rd quarter worth about $62,000. UBS Group AG bought a new position in shares of Paramount Global in the 3rd quarter worth about $62,000. Raymond James & Associates acquired a new position in shares of Paramount Global in the 3rd quarter valued at about $209,000. Finally, Gamco Investors INC. ET AL bought a new stake in shares of Paramount Global during the 3rd quarter valued at about $230,000.

Paramount Global Price Performance

NASDAQ PARAP traded up $1.80 during mid-day trading on Friday, reaching $28.22. 400 shares of the company’s stock traded hands, compared to its average volume of 64,425. Paramount Global has a 1-year low of $25.25 and a 1-year high of $62.35. The company has a fifty day simple moving average of $31.70 and a 200-day simple moving average of $38.36.

Paramount Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 15th will be given a $1.4375 dividend. This represents a $5.75 annualized dividend and a dividend yield of 20.38%. The ex-dividend date of this dividend is Wednesday, December 14th.

About Paramount Global

(Get Rating)

Paramount Global operates as a media and entertainment company worldwide. The company operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates domestic and international broadcast networks, including CBS Television Network, Network 10, Channel 5, Telefe, and Chilevisión; and cable networks comprising Showtime, BET, Nickelodeon, MTV, Comedy Central, Paramount Network, Smithsonian Channel, and CBS Sports Network.

Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Paramount Global, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Paramount Global wasn’t on the list.

While Paramount Global currently has a “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here



Read More: Paramount Global (NASDAQ:PARAP) Short Interest Update

You might also like
A note to our visitors

This website has updated its privacy policy in compliance with changes to European Union data protection law, for all members globally. We’ve also updated our Privacy Policy to give you more information about your rights and responsibilities with respect to your privacy and personal information. Please read this to review the updates about which cookies we use and what information we collect on our site. By continuing to use this site, you are agreeing to our updated privacy policy.