Does Salem Media Group Inc – Class A (NASDAQ:SALM) Have Gas After Even More Sellers Involved?

Salem Media Group, Inc. (NASDAQ:SALM) Logo

Investors sentiment increased to 0.58 in Q4 2018. Its up 0.08, from 0.5 in 2018Q3. It improved, as 12 investors sold Salem Media Group, Inc. shares while 14 reduced holdings. 7 funds opened positions while 8 raised stakes. 6.66 million shares or 4.22% less from 6.95 million shares in 2018Q3 were reported.
Vanguard Group Inc holds 0% of its portfolio in Salem Media Group, Inc. (NASDAQ:SALM) for 347,474 shares. Price T Rowe Associate Incorporated Md has invested 0% in Salem Media Group, Inc. (NASDAQ:SALM). Atria Invs Ltd Llc has invested 0% in Salem Media Group, Inc. (NASDAQ:SALM). Susquehanna Group Llp owns 11,788 shares. Gamco Et Al has invested 0.02% in Salem Media Group, Inc. (NASDAQ:SALM). Blackrock reported 369,039 shares or 0% of all its holdings. California Employees Retirement Systems holds 0% or 39,300 shares in its portfolio. 37,402 are held by Acadian Asset Mgmt Ltd Limited Liability Company. Dimensional Fund Advisors Lp, a Texas-based fund reported 1.26 million shares. Morgan Stanley reported 24,172 shares. Shell Asset Management has invested 0% of its portfolio in Salem Media Group, Inc. (NASDAQ:SALM). Thompson Siegel And Walmsley Limited Liability Corporation holds 0% or 3,400 shares in its portfolio. Wells Fargo Mn reported 0% in Salem Media Group, Inc. (NASDAQ:SALM). Rbf Lc stated it has 41,845 shares. Gabelli Funds Lc stated it has 0.01% of its portfolio in Salem Media Group, Inc. (NASDAQ:SALM).

The stock of Salem Media Group Inc – Class A (NASDAQ:SALM) registered an increase of 17.56% in short interest. SALM’s total short interest was 148,600 shares in May as published by FINRA. Its up 17.56% from 126,400 shares, reported previously. With 20,100 shares average volume, it will take short sellers 7 days to cover their SALM’s short positions. The short interest to Salem Media Group Inc – Class A’s float is 1.22%.

The stock decreased 1.40% or $0.03 during the last trading session, reaching $2.11. About 12,517 shares traded. Salem Media Group, Inc. (NASDAQ:SALM) has declined 31.53% since May 8, 2018 and is downtrending. It has underperformed by 35.90% the S&P500.

Salem Media Group, Inc. operates as a multi-media firm in the United States. The company has market cap of $55.25 million. It operates in three divisions: Broadcast, Digital Media, and Publishing. It currently has negative earnings. The firm owns and operates radio networks, which produce and distribute talk, news, and music programming to radio stations, as well as sells commercial airtime to national advertisers and independent radio station affiliates.

More notable recent Salem Media Group, Inc. (NASDAQ:SALM) news were published by: Nasdaq.com which released: “3 Best Investment-Grade Intermediate Bond Mutual Funds – Nasdaq” on September 19, 2018, also Businesswire.com with their article: “Salem Media Announces Sale of KGBI-FM in Omaha – Business Wire” published on May 22, 2018, Businesswire.com published: “Gabelli & Company’s Annual Entertainment & Broadcasting Conference – Business Wire” on May 16, 2018. More interesting news about Salem Media Group, Inc. (NASDAQ:SALM) were released by: Businesswire.com and their article: “Salem Radio Network Announces Mid-Term Madness for the Hugh Hewitt Show – Business Wire” published on September 05, 2018 as well as Businesswire.com‘s news article titled: “Salem Announces Lineup Change on 94 FM the FISH Nashville and Salem Music Network – Business Wire” with publication date: July 16, 2018.

Salem Media Group, Inc. (NASDAQ:SALM) Institutional Positions Chart

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