Company shares last traded at $0.40 well above the 50 day moving average of $0.35 and barely above the 200 day moving average of $0.39. The 50 day moving average was up by +13.7889% and the 200 day average went up by +0.3635%. Trading was light with 771K shares changing hands on Tuesday. Trading volume was down 41.49% under the stocks average daily volume.
Short traders are more bullish on the company considering the fall in short interest. The stock saw a fall in short interest of -1.86% as of the latest report on October 13, 2017. Short interest fell from 1,007,513 to 988,807 over that timeframe. With short interest at 988,807 and short average daily volume at 161,896, days to cover is 6.0 and the percentage of shorted shares was 0.03% on October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (CMLS). Boothbay Fund Management, LLC cut its stake by shedding 8,790 shares a decrease of 29.3% as of 12/31/2014. Boothbay Fund Management, LLC owns 21,210 shares with a value of $45,000. The value of the position overall is up by 350.0%. Citadel Advisors LLC augmented its investment by buying 57,653 shares an increase of 95.0%. Citadel Advisors LLC currently owns 118,319 shares valued at $53,000. The total value of its holdings increased 89.3%.
As of the latest earnings report the EPS was $-17.04 and is projected to be $-0.37 for the current year with 29,306,000 shares currently outstanding. Next quarter’s EPS is forecasted at $-0.11 and the next full year EPS is projected to be $-0.06.
Cumulus Media Inc. (Cumulus), launched on November 8, 2001, is a radio broadcasting company. The Company is also a provider of country music and lifestyle content through its NASH brand, which serves through radio programming, NASH Country Weekly magazine, video and live events. Its across the nation platform generates content distributable through both broadcast and digital platforms. The Business’s categories of advertisers consist of amusement and recreation; banking and mortgage; furniture and home furnishings; arts and entertainment; food and beverage services; healthcare services; automotive dealers; food and beverage stores, and telecommunications. The Business’s product lines include broadcast advertising, digital advertising, political advertising and non-advertising based license fees..