Digimarc Co. (NASDAQ:DMRC – Get 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
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
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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