Short interest in Saga Communications increased 45.1% in Sept., and Q2 EPS was lower than estimated.

Short interest in Saga Communications, Inc. (NASDAQ:SGA) rose 45.1% in September, totaling 16,400 shares. The company reported Q2 earnings per share of $0.40, falling short of the $0.63 estimate. Saga announced a quarterly dividend of $0.25, yielding 6.84% annually. Institutional investors hold 74.28% of the company, with notable stake changes from firms like Gate City Capital Management and Dimensional Fund Advisors.

September 29, 2024
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