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See what the IHS Markit Score report has to say about Gannett Co Inc.

IHS Markit

Gannett Co Inc

NYSE:GCI

Score: Negative (6)

94 days at current score.

Downgraded from Neutral on June 12th 2018

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Summary


  • Perception of the company's creditworthiness is negative
  • Bearish sentiment is high
  • Economic output for the sector is expanding but at a slower rate


Bearish sentiment

Short interest | Negative

Short interest is high for GCI with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting GCI. However, the last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment.

Money flow

ETF/Index ownership | Neutral

ETF activity is neutral. ETFs that hold GCI had net inflows of $3.72 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing.

Economic sentiment

PMI by IHS Markit | Negative

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is very weak relative to the trend shown over the past year, and has continued to ease. However, the rate of expansion may accelerate in the coming months.

Credit worthiness

Credit default swap | Negative

The current level displays a negative indicator. GCI credit default swap spreads are near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness.

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