Short Interest in Eastman Kodak (NYSE:KODK) Increases By 9.9%

Eastman Kodak (NYSE:KODK) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 5,330,000 shares, a growth of 9.9% from the October 31st total of 4,850,000 shares. Currently, 8.5% of the shares of the stock are sold short. Based on an average daily volume of 735,400 shares, the days-to-cover ratio is currently 7.2 days.

Eastman Kodak Price Performance

Shares of Eastman Kodak stock traded down $0.03 during mid-day trading on Monday, reaching $7.22. 2,776,655 shares of the stock traded hands, compared to its average volume of 906,934. The stock has a market capitalization of $580.49 million, a PE ratio of 10.31 and a beta of 3.64. Eastman Kodak has a fifty-two week low of $3.33 and a fifty-two week high of $7.74. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average of $5.13 and a 200 day moving average of $5.25.

Eastman Kodak (NYSE:KODK) last issued its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.15 earnings per share for the quarter. Eastman Kodak had a return on equity of 8.47% and a net margin of 7.70%. The company had revenue of $261.00 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in Eastman Kodak by 21.3% in the third quarter. BNP Paribas Financial Markets now owns 12,607 shares of the technology company’s stock valued at $60,000 after acquiring an additional 2,210 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Eastman Kodak by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 60,823 shares of the technology company’s stock valued at $302,000 after purchasing an additional 3,214 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Eastman Kodak in the 3rd quarter worth $25,000. Rhumbline Advisers increased its position in shares of Eastman Kodak by 6.4% in the second quarter. Rhumbline Advisers now owns 99,260 shares of the technology company’s stock worth $534,000 after purchasing an additional 5,988 shares during the last quarter. Finally, Gladius Capital Management LP bought a new position in shares of Eastman Kodak in the second quarter worth approximately $33,000. Institutional investors own 33.65% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Eastman Kodak from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th.

Eastman Kodak Company Profile

Eastman Kodak Company engages in the provision of hardware, software, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, and entertainment markets worldwide. The company operates through three segments: Print, Advanced Materials and Chemicals, and Brand.