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

Emerald Holding, Inc. (NYSE:EEX) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 731,000 shares, an increase of 5.8% from the October 15th total of 690,700 shares. Based on an average trading volume of 275,300 shares, the days-to-cover ratio is currently 2.7 days.

Analyst Upgrades and Downgrades

EEX has been the topic of a number of research reports. Rosenblatt Securities cut their price target on shares of 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 cut their target price on shares of Emerald from $11.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, October 31st.

Emerald Stock Performance

Shares of NYSE EEX remained flat at $4.75 during trading on Tuesday. The company’s stock had a trading volume of 32,103 shares, compared to its average volume of 153,452. Emerald has a 1 year low of $3.92 and a 1 year high of $7.05. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02. The company has a 50 day simple moving average of $4.61 and a two-hundred day simple moving average of $5.29.

Emerald Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Monday, November 11th will be given a dividend of $0.015 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.26%. Emerald’s payout ratio is presently -11.11%.

Institutional Investors Weigh In On Emerald

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in Emerald by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 269,034 shares of the company’s stock worth $1,531,000 after acquiring an additional 2,624 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Emerald by 5.9% in the second quarter. Bank of New York Mellon Corp now owns 70,486 shares of the company’s stock valued at $401,000 after acquiring an additional 3,950 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Emerald by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 391,404 shares of the company’s stock valued at $1,953,000 after purchasing an additional 4,760 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Emerald by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,113,221 shares of the company’s stock worth $7,581,000 after purchasing an additional 5,184 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Emerald in the 3rd quarter worth about $53,000. 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.