Short Interest in Emerald Holding, Inc. (NYSE:EEX) Increases By 6.7%

Emerald Holding, Inc. (NYSE:EEXGet Free Report) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 278,300 shares, an increase of 6.7% from the February 29th total of 260,900 shares. Based on an average trading volume of 53,600 shares, the short-interest ratio is currently 5.2 days. Approximately 1.9% of the company’s stock are sold short.

Emerald Trading Up 1.0 %

Shares of Emerald stock opened at $6.33 on Thursday. The stock has a 50-day moving average price of $6.26 and a 200 day moving average price of $5.62. The company has a market cap of $398.98 million, a P/E ratio of -8.01 and a beta of 1.37. Emerald has a 1 year low of $3.27 and a 1 year high of $7.05.

Emerald (NYSE:EEXGet Free Report) last issued its earnings results on Thursday, February 29th. The company reported ($0.46) earnings per share for the quarter. Emerald had a negative return on equity of 59.12% and a negative net margin of 2.14%. The firm had revenue of $101.50 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in Emerald by 3,888.0% in the 2nd quarter. Wells Fargo & Company MN now owns 5,982 shares of the company’s stock worth $25,000 after purchasing an additional 5,832 shares during the last quarter. Lazard Asset Management LLC increased its position in Emerald by 116.6% in the 1st quarter. Lazard Asset Management LLC now owns 7,897 shares of the company’s stock worth $26,000 after purchasing an additional 4,251 shares during the last quarter. Barclays PLC increased its position in Emerald by 1,887.3% in the 4th quarter. Barclays PLC now owns 9,996 shares of the company’s stock worth $35,000 after purchasing an additional 9,493 shares during the last quarter. Corient Private Wealth LLC acquired a new position in shares of Emerald during the 4th quarter valued at about $61,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Emerald during the 2nd quarter valued at about $50,000. 14.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Rosenblatt Securities reduced their price objective on Emerald from $8.40 to $8.20 and set a “buy” rating for the company in a research note on Friday, March 1st.

View Our Latest Stock Analysis on Emerald

About Emerald

(Get Free Report)

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.

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