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 30th, there was short interest totalling 869,900 shares, an increase of 9.7% from the November 15th total of 792,900 shares. Based on an average daily volume of 298,400 shares, the short-interest ratio is currently 2.9 days.

Institutional Trading of Emerald

Several institutional investors and hedge funds have recently added to or reduced their stakes in EEX. SG Americas Securities LLC acquired a new stake in shares of Emerald during the 3rd quarter valued at $53,000. Virtu Financial LLC purchased a new position in shares of Emerald in the third quarter worth approximately $67,000. Barclays PLC raised 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 acquiring an additional 14,244 shares during the period. Paloma Partners Management Co acquired a new stake in Emerald during the 3rd quarter valued at $164,000. Finally, Centiva Capital LP purchased a new position in Emerald during the 3rd quarter valued at about $169,000. 14.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Rosenblatt Securities reduced 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 lowered their price objective on shares of 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

EEX opened at $4.77 on Tuesday. 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 business’s 50 day moving average is $4.58 and its 200-day moving average is $5.15. The stock has a market cap of $968.23 million, a PE ratio of -8.83 and a beta of 1.44. Emerald has a twelve month low of $3.92 and a twelve month high of $7.05.

Emerald Cuts Dividend

The firm 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. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.06 annualized dividend and a dividend yield of 1.26%. Emerald’s dividend payout ratio is currently -11.11%.

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.