From MarketBeat:

Donnelley Financial Solutions, Inc. received a significant 41.0% growth in short interest in December, with 324,900 shares sold short and a short-interest ratio of 1.7 days, representing 1.2% of the company’s shares. Director Jeffrey Jacobowitz sold 102,064 shares at an average price of $58.93, totaling $6,014,631.52. Major shareholder Simcoe Capital Management, Llc sold 131,960 shares for $7,335,656.40.

There has been recent activity from hedge funds and institutional investors in Donnelley Financial Solutions stock. Institutional investors own 91.76% of the stock, with several major investors, including Envenst Asset Management, JPMorgan Chase & Co., and Citigroup Inc., increasing their positions in the company.

Donnelley Financial Solutions traded at $62.37 on December 15th, with 86,400 shares exchanged. The company’s market capitalization is $1.82 billion and it reported $0.58 earnings per share for the quarter.

Analysts anticipate Donnelley Financial Solutions to post 2.42 EPS for the current fiscal year, with Needham & Company LLC lifting their price objective on the stock from $56.00 to $65.00 and giving it a “buy” rating.



Read more: Donnelley Financial Solutions, Inc. (NYSE:DFIN) Sees Large Increase in Short Interest