Cumulus Media Incorporated (NASDAQ:CMLS) on Focus After Report of More Shorts

November 20, 2017 - By Nellie Frank

 Cumulus Media Incorporated (NASDAQ:CMLS) on Focus After Report of More Shorts

The stock of Cumulus Media Incorporated (NASDAQ:CMLS) registered an increase of 29.79% in short interest. CMLS’s total short interest was 1.28 million shares in November as published by FINRA. Its up 29.79% from 988,800 shares, reported previously. With 1.87M shares average volume, it will take short sellers 1 days to cover their CMLS’s short positions. The short interest to Cumulus Media Incorporated’s float is 7.65%.

About 597,429 shares traded. Cumulus Media Inc (NASDAQ:CMLS) has declined 79.39% since November 20, 2016 and is downtrending. It has underperformed by 96.09% the S&P500.

Cumulus Media Inc. is a radio broadcasting company. The company has market cap of $8.40 million. The Firm is also a well-known provider of country music and lifestyle content through its NASH brand, which serves through radio programming, NASH Country Weekly magazine and live events. It currently has negative earnings. The Company’s product lines include broadcast advertising, digital advertising, political advertising and non-advertising based license fees.

Cumulus Media Inc (NASDAQ:CMLS) Ratings Coverage

Among 4 analysts covering Cumulus Media (NASDAQ:CMLS), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Cumulus Media had 7 analyst reports since October 26, 2015 according to SRatingsIntel. Macquarie Research downgraded Cumulus Media Inc (NASDAQ:CMLS) on Monday, October 26 to “Neutral” rating. Noble Financial maintained the stock with “Hold” rating in Friday, November 10 report. The company was downgraded on Friday, October 30 by RBC Capital Markets. The stock of Cumulus Media Inc (NASDAQ:CMLS) earned “Buy” rating by Ascendiant Capital on Monday, March 14. The rating was downgraded by Noble Financial on Friday, March 11 to “Hold”. As per Tuesday, August 15, the company rating was maintained by Noble Financial. RBC Capital Markets maintained it with “Sector Perform” rating and $0.50 target in Monday, November 9 report.

More important recent Cumulus Media Inc (NASDAQ:CMLS) news were published by: Seekingalpha.com which released: “Cumulus Media’ (CMLS) CEO Mary Berner on Q3 2017 Results – Earnings Call …” on November 09, 2017, also Bizjournals.com published article titled: “Troubled radio giant Cumulus Media defaults on debt payment”, Globenewswire.com published: “Cumulus Announces Selected Preliminary Operating Results for Third Quarter 2017” on October 26, 2017. More interesting news about Cumulus Media Inc (NASDAQ:CMLS) was released by: Bizjournals.com and their article: “Radio giant Cumulus Media in talks with lenders, has Chapter 11 plan ready” with publication date: November 13, 2017.

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