Emerald Holding, Inc. (NYSE:EEX) Sees Significant Increase in Short Interest

Emerald Holding, Inc. (NYSE:EEX) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 792,900 shares, an increase of 8.5% from the October 31st total of 731,000 shares. Based on an average daily volume of 284,000 shares, the days-to-cover ratio is presently 2.8 days.

Analyst Ratings Changes

Several brokerages recently issued reports on EEX. Rosenblatt Securities dropped their price objective on Emerald from $8.40 to $7.80 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Maxim Group dropped their price objective on Emerald from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st.

Emerald Stock Up 0.2 %

NYSE EEX traded up $0.01 during midday trading on Wednesday, hitting $4.99. 68,385 shares of the company traded hands, compared to its average volume of 156,088. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $1.01 billion, a PE ratio of -9.22 and a beta of 1.44. The company’s 50-day simple moving average is $4.55 and its 200-day simple moving average is $5.21. Emerald has a 52 week low of $3.92 and a 52 week high of $7.05.

Emerald Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Monday, November 11th were given a dividend of $0.015 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.06 annualized dividend and a yield of 1.20%. Emerald’s dividend payout ratio (DPR) is presently -11.11%.

Institutional Trading of Emerald

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in shares of Emerald during the 3rd quarter valued at $53,000. Virtu Financial LLC purchased a new stake in shares of Emerald during the 3rd quarter valued at $67,000. Barclays PLC lifted its holdings in shares of Emerald by 184.2% during the 3rd quarter. Barclays PLC now owns 21,977 shares of the company’s stock valued at $109,000 after purchasing an additional 14,244 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Emerald during the 3rd quarter valued at $164,000. Finally, Centiva Capital LP purchased a new stake in shares of Emerald during the 3rd quarter valued at $169,000. Institutional investors own 14.90% of the company’s stock.

Emerald Company Profile

Emerald Holding, Inc operates business-to-business (B2B) trade shows in the United States. The company provides B2B trade show franchises; and B2B print publications and digital media products, which provide industry specific business news and information across various sectors. It also offers B2B e-commerce and digital merchandising solutions to manufacturers and retailers through Elastic Suite and Bulletin platforms.