Emerald Holding, Inc. (NYSE:EEX) Short Interest Update

Emerald Holding, Inc. (NYSE:EEX) saw a large 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 trading volume of 284,000 shares, the days-to-cover ratio is currently 2.8 days.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EEX. Rosenblatt Securities reduced their price objective on Emerald from $8.40 to $7.80 and set a “buy” rating for the company in a research report on Thursday, October 31st. Maxim Group reduced their price objective on Emerald from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, October 31st.

Emerald Stock Performance

Emerald stock traded up $0.02 during mid-day trading on Wednesday, hitting $5.00. 76,834 shares of the company’s stock traded hands, compared to its average volume of 156,122. Emerald has a one year low of $3.92 and a one year high of $7.05. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.02. The firm has a 50 day moving average price of $4.55 and a 200 day moving average price of $5.21. The company has a market cap of $1.01 billion, a PE ratio of -9.24 and a beta of 1.44.

Emerald Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Monday, November 11th were paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Friday, November 8th. Emerald’s dividend payout ratio is presently -11.11%.

Institutional Trading of Emerald

A number of hedge funds and other institutional investors have recently modified their holdings of EEX. SG Americas Securities LLC purchased a new position in shares of Emerald during the third quarter valued at $53,000. Virtu Financial LLC purchased a new position in shares of Emerald during the third quarter valued at $67,000. Barclays PLC grew its holdings in shares of Emerald by 184.2% during the third quarter. Barclays PLC now owns 21,977 shares of the company’s stock valued at $109,000 after buying an additional 14,244 shares in the last quarter. Paloma Partners Management Co purchased a new position in shares of Emerald during the third quarter valued at $164,000. Finally, Centiva Capital LP purchased a new position in shares of Emerald during the third quarter valued at $169,000. Institutional investors own 14.90% of the company’s stock.

About Emerald

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.