This blog is mainly about the spectacular train wreck at The Sacramento Bee and its parent company, the McClatchy Company. But I also post about current events, the Iraq and Afghanistan wars, politics, anything else that grabs my attention. Take a look around this blog, hope you enjoy it.
Friday, November 28, 2008
McClachy shares down 3.5 percent... update - the market is betting McClatchy will fall lower
McClatchy (MNI) shares closed at $1.95 per share on Friday, down 3.5 percent from Wednesday's close. The Dow rose about 1 percent Friday.
New Short Interest data for McLatchy: 19,511,003 shares with volume down to 320,584 for 60.86 days to cover. Only a little more than 500,000 shorts covered, meaning the market is betting on lower lows.