|Day Low/High||23.26 / 23.73|
|52 Wk Low/High||15.99 / 30.25|
Combination Creates a New Global Leader in Real Life Entertainment Across all Screens
Scripps Merger Consideration Set as $65.82 per Share in Cash and 1.0584 Shares of Discovery Series C Common Stock, Subject to Election and Proration
Election Deadline Set as 5:00 p.m. (New York City time) on March 2, 2018
U.S. futures were indicating a more than 200 point drop for the Dow.
The most recent short interest data was recently released for the 12/29/2017 settlement date, and Discovery Communications Inc is one of the most shorted stocks of the Russell 3000, based on 5.65 "days to cover" versus the median component at 4.65. There are a number of ways to look at short data, but one metric that we find particularly useful is the "days to cover" because it considers both the total shares short and the average daily volume of shares typically traded.
The most recent short interest data has been released for the 12/29/2017 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the S&P 500 by "days to cover." There are a number of ways to look at short data, for example the total number of shares short; but one metric that we find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed.
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