Paramount Global (NASDAQ:PARAA) Short Interest Update

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

Paramount Global Trading Up 0.0 %

Shares of PARAA traded up $0.01 during mid-day trading on Friday, reaching $22.53. 290 shares of the company were exchanged, compared to its average volume of 38,350. 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 stock has a market capitalization of $15.02 billion, a PE ratio of -2.74 and a beta of 1.63. The business has a 50 day simple moving average of $22.57 and a two-hundred day simple moving average of $22.22. Paramount Global has a 52 week low of $16.59 and a 52 week high of $26.34.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PARAA. Geode Capital Management LLC increased its stake in shares of Paramount Global by 16.7% during the 3rd quarter. Geode Capital Management LLC now owns 247,015 shares of the company’s stock worth $5,400,000 after purchasing an additional 35,305 shares during the last quarter. Mark Asset Management LP purchased a new stake in Paramount Global in the second quarter worth $3,351,000. State Street Corp raised its stake in shares of Paramount Global by 20.2% in the third quarter. State Street Corp now owns 49,366 shares of the company’s stock valued at $1,082,000 after buying an additional 8,287 shares during the period. Squarepoint Ops LLC lifted its position in shares of Paramount Global by 120.0% during the 2nd quarter. Squarepoint Ops LLC now owns 46,749 shares of the company’s stock valued at $859,000 after buying an additional 25,504 shares during the last quarter. Finally, Quest Partners LLC bought a new position in shares of Paramount Global during the 3rd quarter worth $106,000. 5.98% of the stock is owned by institutional investors and hedge funds.

About Paramount Global

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.