Time to Reconsider Salem Media Group Inc – Class A (NASDAQ:SALM) After More Short Sellers?

Salem Media Group, Inc. (NASDAQ:SALM) Logo

Investors sentiment increased to 0.58 in 2018 Q4. Its up 0.08, from 0.5 in 2018Q3. It increased, as 12 investors sold Salem Media Group, Inc. shares while 14 reduced holdings. 7 funds opened positions while 8 raised stakes. 6.66 million shares or 4.22% less from 6.95 million shares in 2018Q3 were reported.
California Pub Employees Retirement holds 39,300 shares or 0% of its portfolio. Shell Asset Mngmt Com stated it has 0% of its portfolio in Salem Media Group, Inc. (NASDAQ:SALM). Thompson Siegel Walmsley reported 0% in Salem Media Group, Inc. (NASDAQ:SALM). Atria Limited Co has invested 0% of its portfolio in Salem Media Group, Inc. (NASDAQ:SALM). Blackrock stated it has 369,039 shares or 0% of all its holdings. Geode Cap Ltd Co reported 59,787 shares. Acadian Asset Mngmt Lc accumulated 37,402 shares. Foundry Prtnrs Limited Liability Corporation accumulated 299,680 shares. Us Retail Bank De accumulated 100 shares. Susquehanna Llp owns 0% invested in Salem Media Group, Inc. (NASDAQ:SALM) for 11,788 shares. Renaissance Technologies Ltd Liability Com stated it has 166,800 shares or 0% of all its holdings. 550,000 were accumulated by Teton Inc. Ancora Lc owns 408,915 shares or 0.04% of their US portfolio. Wells Fargo Com Mn accumulated 23,800 shares or 0% of the stock. Northern has 21,228 shares for 0% of their portfolio.

The stock of Salem Media Group Inc – Class A (NASDAQ:SALM) registered an increase of 17.56% in short interest. SALM’s total short interest was 148,600 shares in May as published by FINRA. Its up 17.56% from 126,400 shares, reported previously. With 20,100 shares average volume, it will take short sellers 7 days to cover their SALM’s short positions. The short interest to Salem Media Group Inc – Class A’s float is 1.22%.

The stock decreased 1.40% or $0.03 during the last trading session, reaching $2.11. About 12,517 shares traded. Salem Media Group, Inc. (NASDAQ:SALM) has declined 31.53% since May 8, 2018 and is downtrending. It has underperformed by 35.90% the S&P500.

Salem Media Group, Inc. operates as a multi-media firm in the United States. The company has market cap of $55.25 million. It operates in three divisions: Broadcast, Digital Media, and Publishing. It currently has negative earnings. The firm owns and operates radio networks, which produce and distribute talk, news, and music programming to radio stations, as well as sells commercial airtime to national advertisers and independent radio station affiliates.

More notable recent Salem Media Group, Inc. (NASDAQ:SALM) news were published by: Businesswire.com which released: “CCM Magazine Announces 2019 Fan Awards Voting and Giveaway – Business Wire” on February 28, 2019, also Globenewswire.com with their article: “Investor Expectations to Drive Momentum within Salem Media Group, OpGen, Fibrocell Science, and Ur Energy — Discovering Underlying Factors of Influence – GlobeNewswire” published on April 30, 2019, Businesswire.com published: “Salem Media Group Appoints Kevin Anderson to General Manager in Nashville – Business Wire” on January 08, 2018. More interesting news about Salem Media Group, Inc. (NASDAQ:SALM) were released by: Businesswire.com and their article: “Salem Announces Lineup Change on 94 FM the FISH Nashville and Salem Music Network – Business Wire” published on July 16, 2018 as well as Businesswire.com‘s news article titled: “Salem Media Group Appoints Carolyn Cassidy as General Manager in Columbus – Business Wire” with publication date: May 03, 2018.

Salem Media Group, Inc. (NASDAQ:SALM) Institutional Positions Chart

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