
Dolby Laboratories, Inc. (NYSE:DLB) Sees Significant Drop in Short Interest

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Dolby Laboratories, Inc. (NYSE:DLB) experienced a significant drop in short interest, falling 9.3% to 730,100 shares by January 31. The short-interest ratio is now 1.5 days, with 1.2% of shares sold short. The stock traded down to $83.72, with a market cap of $7.99 billion and a P/E ratio of 30.78. Dolby also announced a quarterly dividend of $0.33, payable on February 19. Analysts maintain a positive outlook, with price targets around $100. Recent insider sales totaled 182,917 shares valued at $14.86 million.
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