Paramount Global (NASDAQ:PARAA) Short Interest Update

Paramount Global (NASDAQ:PARAA) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 409,200 shares, a drop of 19.8% from the December 15th total of 510,200 shares. Based on an average trading volume of 40,600 shares, the short-interest ratio is presently 10.1 days. Currently, 4.6% of the shares of the company are short sold.

Paramount Global Stock Down 0.2 %

PARAA opened at $22.52 on Thursday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27. The business has a fifty day simple moving average of $22.55 and a 200 day simple moving average of $22.21. Paramount Global has a 1 year low of $16.59 and a 1 year high of $26.34.

Hedge Funds Weigh In On Paramount Global

Institutional investors and hedge funds have recently modified their holdings of the business. Quest Partners LLC acquired a new stake in Paramount Global during the third quarter worth approximately $106,000. Gladius Capital Management LP bought a new position in shares of Paramount Global in the third quarter worth $233,000. Atom Investors LP acquired a new position in Paramount Global in the third quarter valued at about $244,000. Bank of New York Mellon Corp lifted its position in Paramount Global by 13.1% during the second quarter. Bank of New York Mellon Corp now owns 28,315 shares of the company’s stock worth $520,000 after purchasing an additional 3,281 shares during the period. Finally, Squarepoint Ops LLC grew its stake in Paramount Global by 120.0% during the second quarter. Squarepoint Ops LLC now owns 46,749 shares of the company’s stock worth $859,000 after buying an additional 25,504 shares in the last quarter. 5.98% of the stock is currently owned by institutional investors and hedge funds.

Paramount Global Company Profile

Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; and international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; domestic premium and basic cable networks, such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, and CBS Sports Network; and international extensions of these brands.