Digimarc Co. (NASDAQ:DMRC) Short Interest Down 6.7% in November

Digimarc Co. (NASDAQ:DMRCGet Free Report) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 1,960,000 shares, a drop of 6.7% from the October 31st total of 2,100,000 shares. Based on an average daily trading volume, of 103,200 shares, the days-to-cover ratio is presently 19.0 days. Approximately 13.1% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Digimarc in a research report on Friday, November 15th. StockNews.com upgraded shares of Digimarc to a “sell” rating in a research note on Tuesday, September 17th.

Check Out Our Latest Report on Digimarc

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DMRC. West Branch Capital LLC acquired a new position in shares of Digimarc in the 2nd quarter valued at $62,000. nVerses Capital LLC bought a new position in shares of Digimarc during the 2nd quarter worth approximately $62,000. SG Americas Securities LLC acquired a new stake in Digimarc in the 3rd quarter valued at $106,000. FMR LLC raised its stake in Digimarc by 201.6% during the third quarter. FMR LLC now owns 4,983 shares of the information technology services provider’s stock worth $134,000 after acquiring an additional 3,331 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Digimarc during the 2nd quarter worth about $148,000. 66.85% of the stock is currently owned by institutional investors and hedge funds.

Digimarc Trading Down 0.3 %

DMRC traded down $0.09 on Tuesday, hitting $34.38. 107,310 shares of the stock traded hands, compared to its average volume of 147,906. The business has a fifty day moving average price of $30.61 and a two-hundred day moving average price of $29.57. Digimarc has a 52 week low of $21.00 and a 52 week high of $43.43. The firm has a market capitalization of $736.42 million, a PE ratio of -17.63 and a beta of 1.70.

Digimarc Company Profile

(Get Free Report)

Digimarc Corporation, together with its subsidiaries, provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc Validate protects, a cloud-based record of product authentication information; Digimarc Engage, an interactive communications channel connecting brands and consumers; and Digimarc Recycle.

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