Discovery Inc Series B (NASDAQ:DISCB) Short Interest Update

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Discovery Inc Series B (NASDAQ:DISCB) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 600 shares, a decline of 25.0% from the October 31st total of 800 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 6.0 days.

Shares of DISCB stock traded down $0.26 during trading hours on Wednesday, reaching $37.00. 18 shares of the stock were exchanged, compared to its average volume of 97. The company’s 50-day moving average price is $35.03 and its 200-day moving average price is $34.26. Discovery Inc Series B has a 12-month low of $27.80 and a 12-month high of $40.16. The firm has a market capitalization of $19.44 billion, a price-to-earnings ratio of 10.77 and a beta of 1.25. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.33.

Separately, ValuEngine raised shares of Discovery Inc Series B from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 20th.

An institutional investor recently raised its position in Discovery Inc Series B stock. FNY Investment Advisers LLC increased its position in shares of Discovery Inc Series B (NASDAQ:DISCB) by 9,657.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,708 shares of the company’s stock after acquiring an additional 3,670 shares during the quarter. FNY Investment Advisers LLC’s holdings in Discovery Inc Series B were worth $126,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.01% of the company’s stock.

Discovery Inc Series B Company Profile

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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