Just 95,882 shares of The McClatchy Co. traded Tuesday. Over the past three months, trading in MNI has averaged 690,905 a session.Other newspaper stocks had low volume yesterday, too. As of 10:15 EST today, just 8,100 shares have traded.
UPDATE: Just 80,000 shares at 12:45 EST. BTW, a reader says the short sellers are still active:
Actually there are some buying as just over 1 million short shares covered this past month. Short interest is now 14,133,268 with 38 days to cover and average volume of 370,294. Of course this isn't good news as recovered shares are being sold at first opportunity after bounces off the .50 cent wall..
As soon as those hands are shaken out, it's good nite Irene.