Eastman Kodak (NYSE:KODK) Short Interest Update

Eastman Kodak (NYSE:KODK) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 5,270,000 shares, a drop of 5.7% from the July 15th total of 5,590,000 shares. Approximately 8.4% of the shares of the company are short sold. Based on an average daily volume of 739,800 shares, the short-interest ratio is currently 7.1 days.

Analyst Ratings Changes

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

Eastman Kodak Stock Down 1.4 %

KODK stock opened at $5.00 on Wednesday. The stock has a market cap of $400.50 million, a PE ratio of 7.81 and a beta of 3.66. The firm’s 50-day simple moving average is $5.44 and its 200 day simple moving average is $4.93. Eastman Kodak has a fifty-two week low of $3.33 and a fifty-two week high of $6.18. The company has a quick ratio of 1.63, a current ratio of 2.47 and a debt-to-equity ratio of 0.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC boosted its position in shares of Eastman Kodak by 59.7% during the second quarter. Susquehanna Fundamental Investments LLC now owns 218,669 shares of the technology company’s stock worth $1,176,000 after buying an additional 81,782 shares during the period. AQR Capital Management LLC raised its stake in Eastman Kodak by 2.1% during the 2nd quarter. AQR Capital Management LLC now owns 826,827 shares of the technology company’s stock valued at $4,448,000 after acquiring an additional 16,693 shares in the last quarter. Marshall Wace LLP acquired a new position in Eastman Kodak during the 2nd quarter worth $2,197,000. XTX Topco Ltd bought a new position in shares of Eastman Kodak in the second quarter worth $190,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Eastman Kodak by 49.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,007,735 shares of the technology company’s stock valued at $10,801,000 after purchasing an additional 659,991 shares during the period. Institutional investors own 33.65% of the company’s stock.

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.