Discovery Communications, Inc. (DISCK) Short Interest Up 19.0% in November

Discovery Communications, Inc. (NASDAQ:DISCK) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 28,976,150 shares, a growth of 19.0% from the November 15th total of 24,345,804 shares. Based on an average trading volume of 4,378,608 shares, the days-to-cover ratio is presently 6.6 days. Currently, 14.3% of the company’s shares are short sold.

Large investors have recently made changes to their positions in the stock. Swiss National Bank boosted its position in shares of Discovery Communications by 0.8% during the second quarter. Swiss National Bank now owns 795,274 shares of the company’s stock valued at $20,049,000 after buying an additional 6,300 shares during the last quarter. Seizert Capital Partners LLC lifted its holdings in Discovery Communications by 11.2% during the second quarter. Seizert Capital Partners LLC now owns 3,237,316 shares of the company’s stock worth $81,613,000 after acquiring an additional 325,593 shares during the period. First Trust Advisors LP lifted its holdings in Discovery Communications by 24.7% during the second quarter. First Trust Advisors LP now owns 139,982 shares of the company’s stock worth $3,529,000 after acquiring an additional 27,714 shares during the period. Andra AP fonden lifted its holdings in Discovery Communications by 18.9% during the second quarter. Andra AP fonden now owns 93,000 shares of the company’s stock worth $2,345,000 after acquiring an additional 14,800 shares during the period. Finally, K2 Principal Fund L.P. bought a new stake in Discovery Communications during the second quarter worth $358,000. 48.43% of the stock is currently owned by institutional investors.

A number of equities analysts have recently issued reports on the company. ValuEngine downgraded Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded Discovery Communications from a “hold” rating to a “sell” rating in a research report on Monday, September 25th. BidaskClub upgraded Discovery Communications from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, Morgan Stanley lowered their price objective on Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Discovery Communications currently has a consensus rating of “Hold” and a consensus price target of $25.50.

Shares of Discovery Communications (NASDAQ DISCK) opened at $19.75 on Monday. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 2.56. Discovery Communications has a one year low of $14.99 and a one year high of $29.18. The company has a market capitalization of $7,486.32, a P/E ratio of 9.50 and a beta of 1.42.

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About Discovery Communications

Discovery Communications, Inc (Discovery) is a global media company. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.

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