What’s Propelling Tribune Media Company Class A (NYSE:TRCO) After Lower Shorts Reported?

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The stock of Tribune Media Company Class A (NYSE:TRCO) registered a decrease of 1.64% in short interest. TRCO’s total short interest was 6.19M shares in July as published by FINRA. Its down 1.64% from 6.29 million shares, reported previously. With 1.29 million shares average volume, it will take short sellers 5 days to cover their TRCO’s short positions. The short interest to Tribune Media Company Class A’s float is 9.57%.

It closed at $46.39 lastly. It is down 22.84% since July 13, 2018 and is uptrending. It has outperformed by 18.41% the S&P500.

Tribune Media Company, through its subsidiaries, operates as a media and entertainment firm in the United States. The company has market cap of $4.09 billion. It offers news, entertainment, and sports programming through Tribune Broadcasting local television stations, including FOX television affiliates, CW Network, LLC television affiliates, CBS…

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