Paramount Skydance Corporation (NASDAQ:PSKY) Short Interest Up 17.4% in February

Paramount Skydance Corporation (NASDAQ:PSKY) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 59,895,714 shares, a growth of 17.4% from the February 12th total of 51,002,161 shares. Approximately 5.6% of the shares of the company are short sold. Based on an average daily volume of 18,303,927 shares, the short-interest ratio is currently 3.3 days. Based on an average daily volume of 18,303,927 shares, the short-interest ratio is currently 3.3 days. Approximately 5.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PSKY. CYBER HORNET ETFs LLC bought a new stake in Paramount Skydance during the third quarter worth about $25,000. Huntington National Bank lifted its position in Paramount Skydance by 108.2% in the 4th quarter. Huntington National Bank now owns 2,259 shares of the company’s stock worth $30,000 after buying an additional 1,174 shares during the last quarter. Larson Financial Group LLC lifted its position in Paramount Skydance by 539.3% in the 4th quarter. Larson Financial Group LLC now owns 2,295 shares of the company’s stock worth $31,000 after buying an additional 1,936 shares during the last quarter. Kelleher Financial Advisors purchased a new stake in Paramount Skydance in the third quarter worth approximately $32,000. Finally, Center for Financial Planning Inc. bought a new position in Paramount Skydance during the third quarter valued at approximately $35,000. Institutional investors own 73.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PSKY shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Paramount Skydance in a research note on Monday, December 29th. Bank of America dropped their target price on Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating on the stock in a research report on Tuesday, March 10th. Wolfe Research reiterated an “underperform” rating and issued a $13.00 price target on shares of Paramount Skydance in a research report on Monday, December 15th. Guggenheim boosted their price objective on Paramount Skydance from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, March 3rd. Finally, Wells Fargo & Company initiated coverage on Paramount Skydance in a report on Monday, March 9th. They set a “strong sell” rating and a $10.00 price objective on the stock. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and nine have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Strong Sell” and a consensus price target of $13.00.

Paramount Skydance Price Performance

NASDAQ PSKY traded down $0.06 on Monday, hitting $9.67. The stock had a trading volume of 6,047,680 shares, compared to its average volume of 11,387,904. The company has a market capitalization of $10.36 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 0.41 and a beta of 1.14. Paramount Skydance has a 52-week low of $9.50 and a 52-week high of $20.86. The firm has a 50-day moving average of $11.34 and a 200-day moving average of $14.31. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.12 and a current ratio of 1.26.

Paramount Skydance (NASDAQ:PSKY) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $999.00 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $999.02. The company had revenue of $8.15 billion during the quarter, compared to analyst estimates of $8.17 billion. Paramount Skydance had a positive return on equity of 3.82% and a negative net margin of 2.15%.

Paramount Skydance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, March 16th. This represents a $0.20 annualized dividend and a dividend yield of 2.1%. Paramount Skydance’s dividend payout ratio (DPR) is 31.75%.

About Paramount Skydance

Paramount Skydance Media Group (Nasdaq: PSKY) is a media and entertainment company created through the proposed combination of Paramount Global’s filmed entertainment and streaming operations with Skydance Media, a privately held content studio. The combined business will encompass the development, production and distribution of feature films, television programming and digital content, drawing on a library of legacy Paramount Pictures franchises alongside Skydance’s blockbuster tentpoles and animation slate.