Short Interest in Gray Television, Inc. (NYSE:GTN.A) Drops By 65.5%

Gray Television, Inc. (NYSE:GTN.A) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 1,000 shares, a drop of 65.5% from the August 30th total of 2,900 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is currently 0.9 days.

Shares of GTN.A remained flat at $$15.68 during trading hours on Friday. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 2.89. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 6.70 and a beta of 2.03. The business has a 50 day moving average price of $16.24 and a 200-day moving average price of $18.00. Gray Television has a twelve month low of $12.91 and a twelve month high of $23.30.

Gray Television (NYSE:GTN.A) last issued its earnings results on Wednesday, August 7th. The company reported $0.31 earnings per share for the quarter. The business had revenue of $508.00 million for the quarter. Gray Television had a return on equity of 19.25% and a net margin of 10.78%.

Several equities research analysts have recently issued reports on GTN.A shares. TheStreet upgraded Gray Television from a “c+” rating to a “b” rating in a report on Monday, September 9th. ValuEngine upgraded Gray Television from a “strong sell” rating to a “sell” rating in a report on Tuesday.

Gray Television Company Profile

Gray Television, Inc, a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 28, 2019, it owned and operated television stations in 91 television markets broadcasting approximately 400 program streams, including approximately 150 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.

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