Short Interest in Emerald Holding, Inc. (NYSE:EEX) Decreases By 6.2%
Emerald Holdings, Inc. (NYSE:EEX – Get Rating ) was the recipient of a large decline in short interest in January. As of January 15th, short interest totaled 151,000 shares, a decrease of 6.2% from the December 31st total of 160,900 shares. About 0.8% of the company’s shares are sold short. Based on an average trading volume of 33,600 shares, the short interest ratio is currently 4.5 days.
Emerald is trading down 3.0%
Shares of Emerald stock opened at $3.82 on Tuesday. The stock has a 50-day moving average price of $3.73 and a 200-day moving average price of $3.61. The company has a market cap of $258.27 million, a P/E ratio of 42.45 and a beta of 1.24. Emerald has a 1 year low of $2.42 and a 1 year high of $4.55.
Emerald (NYSE:EEX – Get Rating) last issued its earnings results on Thursday, November 3rd. The company reported $0.41 earnings per share for the quarter. Emerald had a negative return on equity of 146.33% and a net margin of 39.36%. The company had revenue of $62.40 million for the quarter.
Institutional inflows and outflows
Several hedge funds have recently bought and sold shares of EEX. Raymond James Financial Services Advisors Inc. grew its position in Emerald by 10.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 563,114 shares of the company’s stock valued at $1,915,000 after buying an additional 51,799 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Emerald by 116.6% during the 1st quarter. Lazard Asset Management LLC now owns 7,897 shares of the company’s stock valued at $26,000 after acquiring an additional 4,251 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Emerald by 28.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 68,664 shares of the company’s stock valued at $234,000 after acquiring an additional 15,388 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Emerald by 16.2% during the 1st quarter. Renaissance Technologies LLC now owns 69,657 shares of the company’s stock valued at $237,000 after acquiring an additional 9,700 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Emerald by 2.1% during the 1st quarter. State Street Corp now owns 458,762 shares of the company’s stock valued at $1,560,000 after acquiring an additional 9,518 shares during the last quarter. 18.12% of the stock is owned by institutional investors and hedge funds.
About Emerald (Get Rating)
Emerald Holdings, Inc. is involved in the operation of business-to-business trade shows. The firm serves the gift, home and general goods, sports, design and construction, technology and jewelry sectors. It operates through the following segments: Commerce, Design & Technology and All Others. The trade segment includes opportunities and services covering merchandising, licensing and retail sourcing and marketing to enable professionals to make informed decisions and meet consumer demands.
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