Hemisphere Media Group Inc (NASDAQ:HMTV) Short Interest Update

Hemisphere Media Group Inc (NASDAQ:HMTV) was the target of a significant increase in short interest in November. As of November 29th, there was short interest totalling 148,000 shares, an increase of 7.9% from the November 14th total of 137,200 shares. Based on an average daily trading volume, of 26,100 shares, the days-to-cover ratio is presently 5.7 days. Currently, 0.9% of the shares of the company are sold short.

HMTV stock traded up $0.15 during trading on Friday, reaching $13.65. 23,906 shares of the stock were exchanged, compared to its average volume of 30,072. Hemisphere Media Group has a twelve month low of $11.33 and a twelve month high of $15.26. The stock has a 50 day simple moving average of $13.06 and a 200-day simple moving average of $12.64. The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 0.90.

A number of hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in Hemisphere Media Group by 1.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 101,078 shares of the company’s stock valued at $1,306,000 after purchasing an additional 1,307 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Hemisphere Media Group by 5.0% during the third quarter. California Public Employees Retirement System now owns 30,319 shares of the company’s stock valued at $370,000 after purchasing an additional 1,446 shares in the last quarter. Bank of Montreal Can boosted its holdings in Hemisphere Media Group by 54.0% during the second quarter. Bank of Montreal Can now owns 4,362 shares of the company’s stock valued at $57,000 after purchasing an additional 1,529 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Hemisphere Media Group by 14.1% during the second quarter. Russell Investments Group Ltd. now owns 13,756 shares of the company’s stock valued at $178,000 after purchasing an additional 1,700 shares in the last quarter. Finally, State Street Corp boosted its holdings in Hemisphere Media Group by 0.7% during the third quarter. State Street Corp now owns 341,926 shares of the company’s stock valued at $4,178,000 after purchasing an additional 2,452 shares in the last quarter. 29.63% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently weighed in on HMTV. BidaskClub raised Hemisphere Media Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 21st. Wells Fargo & Co began coverage on Hemisphere Media Group in a research report on Sunday, October 13th. They set an “outperform” rating and a $17.00 target price on the stock.

About Hemisphere Media Group

Hemisphere Media Group Inc, the Spanish-language media company, operates broadcast and cable television networks, and digital content platforms. It operates Cinelatino, a cable movie network with approximately 21 million subscribers in the United States, Latin America, and Canada; WAPA, a broadcast television network and television content producer; and WAPA.TV, a news and entertainment Website, as well as distributes WAPA2 Deportes, a sports television network in Puerto Rico.

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