Fox Corporation (NASDAQ:FOX) Short Interest Down 45.2% in February

Fox Corporation (NASDAQ:FOX) saw a large decrease in short interest in February. As of February 13th, there was short interest totaling 11,450,919 shares, a decrease of 45.2% from the January 29th total of 20,904,590 shares. Based on an average daily trading volume, of 2,071,371 shares, the days-to-cover ratio is currently 5.5 days. Currently, 3.5% of the shares of the stock are sold short. Currently, 3.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,071,371 shares, the days-to-cover ratio is currently 5.5 days.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FOX. UBS Group reaffirmed a “buy” rating on shares of FOX in a report on Friday, October 31st. Bank of America reaffirmed an “underperform” rating and issued a $45.00 price target (down from $80.00) on shares of FOX in a research note on Wednesday. Zacks Research cut FOX from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Wells Fargo & Company lowered FOX from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, Guggenheim restated a “buy” rating and issued a $85.00 target price on shares of FOX in a research note on Monday, December 22nd. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $75.00.

More FOX News

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Recent quarterly results showed an EPS beat and revenue beat, supporting the company’s cash flow and valuation (supports ad and affiliate revenue expectations).
• Positive Sentiment: Extensive coverage of high-profile developments (Bill Clinton/ Epstein deposition) could drive Fox News viewership and ad demand. Bill Clinton deposition coverage
• Positive Sentiment: Heightened geopolitical coverage (US positioning F‑22s, Iran tensions) typically lifts ratings for cable news networks during periods of elevated global risk. US positions F-22s in Israel
• Neutral Sentiment: Short-interest data posted for February appears to be erroneous (reports show 0 shares and NaN change) — this looks like a data glitch and provides no clear signal about bearish positioning.
• Neutral Sentiment: Separate media items reference other companies (e.g., “Fox Tungsten” / Happy Creek item) that are unrelated to Fox Corporation and should be disregarded for FOX stock analysis. Fox Tungsten PDAC item (unrelated)
• Negative Sentiment: Technical/headline pressure: FOX is trading below its 50‑day (~$61.50) and 200‑day (~$58.02) moving averages, which can trigger selling by technical traders.
• Negative Sentiment: Elevated trading volume versus average (intraday volume above its 30‑day average) indicates stronger participation in the move lower — could reflect profit-taking or fund rebalancing rather than a fundamental change.

FOX Trading Down 0.6%

Shares of NASDAQ FOX traded down $0.30 during midday trading on Friday, hitting $51.73. The stock had a trading volume of 2,265,250 shares, compared to its average volume of 1,882,430. The firm has a market cap of $22.01 billion, a P/E ratio of 12.44, a price-to-earnings-growth ratio of 7.20 and a beta of 0.56. FOX has a fifty-two week low of $43.18 and a fifty-two week high of $68.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.78 and a quick ratio of 2.44. The company’s 50-day simple moving average is $61.27 and its 200 day simple moving average is $58.03.

FOX (NASDAQ:FOX) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.31. The business had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.06 billion. FOX had a return on equity of 18.14% and a net margin of 11.41%. Research analysts anticipate that FOX will post 4.25 EPS for the current year.

FOX Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. FOX’s dividend payout ratio (DPR) is 13.46%.

Insider Activity at FOX

In other news, insider Adam G. Ciongoli sold 29,897 shares of FOX stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $69.55, for a total transaction of $2,079,336.35. Following the sale, the insider directly owned 35,978 shares in the company, valued at approximately $2,502,269.90. The trade was a 45.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 23.06% of the company’s stock.

Hedge Funds Weigh In On FOX

Hedge funds and other institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC acquired a new stake in FOX during the 3rd quarter worth $26,000. Quent Capital LLC bought a new position in shares of FOX in the 3rd quarter worth $32,000. Brown Brothers Harriman & Co. grew its stake in shares of FOX by 336.9% during the third quarter. Brown Brothers Harriman & Co. now owns 616 shares of the company’s stock worth $35,000 after purchasing an additional 475 shares during the period. First Horizon Corp bought a new stake in FOX in the third quarter valued at about $74,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in FOX in the third quarter valued at about $74,000. 26.41% of the stock is owned by institutional investors.

About FOX

Fox Corporation (NASDAQ:FOX) is a U.S.-based media company that operates television broadcast, news and sports businesses. The company traces its contemporary structure to the 2019 reorganization that followed the sale of certain entertainment assets to The Walt Disney Company; Fox Corporation retained a portfolio centered on the Fox Broadcasting Company, Fox Television Stations, Fox News Media and Fox Sports. Over time the company has expanded its digital footprint through acquisitions and direct-to-consumer services, building a mix of linear and streaming distribution.

FOX’s core activities include the creation, aggregation and distribution of television programming and live sports, the operation of national cable news and business networks, and the ownership and operation of local broadcast stations.