Short Interest in Townsquare Media, Inc. (NYSE:TSQ) Increases By 34.7%

Townsquare Media, Inc. (NYSE:TSQGet Rating) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totalling 106,800 shares, a growth of 34.7% from the April 15th total of 79,300 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 26,200 shares, the short-interest ratio is currently 4.1 days.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Group One Trading L.P. acquired a new stake in shares of Townsquare Media during the first quarter worth $40,000. Gabelli Funds LLC acquired a new stake in shares of Townsquare Media during the third quarter valued at approximately $131,000. Raymond James & Associates acquired a new position in Townsquare Media in the 3rd quarter worth approximately $158,000. Janney Montgomery Scott LLC purchased a new position in Townsquare Media during the 1st quarter worth approximately $171,000. Finally, Barclays PLC raised its stake in Townsquare Media by 1,617.4% during the 3rd quarter. Barclays PLC now owns 13,361 shares of the company’s stock valued at $174,000 after purchasing an additional 12,583 shares during the period. Institutional investors and hedge funds own 50.04% of the company’s stock.

TSQ opened at $10.23 on Monday. The company has a debt-to-equity ratio of 9.74, a quick ratio of 1.58 and a current ratio of 1.68. The company has a market capitalization of $174.49 million, a PE ratio of 7.15 and a beta of 1.71. The stock’s fifty day moving average is $11.84 and its 200-day moving average is $12.32. Townsquare Media has a one year low of $9.36 and a one year high of $15.33.

Townsquare Media (NYSE:TSQGet Rating) last released its earnings results on Thursday, March 10th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.22). Townsquare Media had a return on equity of 60.14% and a net margin of 5.94%. The firm had revenue of $110.58 million for the quarter, compared to analyst estimates of $109.63 million. During the same period in the previous year, the firm earned $0.18 earnings per share. On average, equities research analysts forecast that Townsquare Media will post 2.05 EPS for the current fiscal year.

Several equities research analysts recently weighed in on the stock. StockNews.com started coverage on shares of Townsquare Media in a report on Thursday, March 31st. They issued a “buy” rating for the company. Zacks Investment Research upgraded shares of Townsquare Media from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Friday, March 18th.

About Townsquare Media (Get Rating)

Townsquare Media, Inc operates as a digital media and marketing solutions company in small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment offers various digital marketing solutions, including hosting, search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, email marketing, and website retargeting services, as well as traditional and mobile-enabled website design, creation, and development services.

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