Troika Media Group, Inc. (NASDAQ:TRKA) Sees Significant Increase in Short Interest

Troika Media Group, Inc. (NASDAQ:TRKAGet Rating) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 2,040,000 shares, an increase of 20.7% from the March 31st total of 1,690,000 shares. Currently, 8.1% of the company’s stock are short sold. Based on an average daily trading volume, of 894,600 shares, the short-interest ratio is presently 2.3 days.

In other Troika Media Group news, major shareholder Peter Coates purchased 300,000 shares of the stock in a transaction dated Friday, March 11th. The shares were bought at an average cost of $1.10 per share, with a total value of $330,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.60% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in Troika Media Group by 154.1% during the third quarter. BlackRock Inc. now owns 51,239 shares of the company’s stock worth $68,000 after buying an additional 31,076 shares in the last quarter. Geode Capital Management LLC grew its position in Troika Media Group by 383.9% during the fourth quarter. Geode Capital Management LLC now owns 234,515 shares of the company’s stock worth $274,000 after buying an additional 186,053 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Troika Media Group during the third quarter worth about $82,000. Renaissance Technologies LLC acquired a new stake in Troika Media Group during the fourth quarter worth about $30,000. Finally, Baker Tilly Wealth Management LLC acquired a new stake in Troika Media Group during the first quarter worth about $105,000. 16.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:TRKA traded down $0.01 during midday trading on Tuesday, hitting $0.49. The company’s stock had a trading volume of 1,280 shares, compared to its average volume of 621,326. The stock’s 50 day simple moving average is $0.91 and its 200 day simple moving average is $1.25. Troika Media Group has a fifty-two week low of $0.46 and a fifty-two week high of $3.61. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.03.

Troika Media Group (NASDAQ:TRKAGet Rating) last issued its quarterly earnings results on Monday, February 14th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $6.99 million during the quarter.

Troika Media Group Company Profile (Get Rating)

Troika Media Group, Inc operates as a brand consulting and marketing agency specializing in the entertainment and sports media sectors worldwide. It offers media services and analytics platform, digital marketing, data analytics and reporting, media content for events and hospitality customers, sponsorship partnerships and advertising opportunities, analytics and big data; strategic media buying and planning, design and branding, market research and insights, brand strategy, 360 brand design, advertising and sponsorship integration, brand experience and fan engagement, content creation, and sonic branding and original music services, as well as design, animation, and post production studio services.

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