Short Interest in Digimarc Co. (NASDAQ:DMRC) Declines By 5.4%

Digimarc Co. (NASDAQ:DMRCGet Free Report) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 2,110,000 shares, a drop of 5.4% from the April 30th total of 2,230,000 shares. Currently, 14.4% of the shares of the company are short sold. Based on an average trading volume of 168,000 shares, the days-to-cover ratio is presently 12.6 days.

Insider Transactions at Digimarc

In other news, Director Milena Alberti-Perez sold 4,900 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $30.84, for a total value of $151,116.00. Following the transaction, the director now owns 14,487 shares of the company’s stock, valued at $446,779.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Digimarc news, Director Milena Alberti-Perez sold 4,900 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $30.84, for a total value of $151,116.00. Following the completion of the transaction, the director now directly owns 14,487 shares in the company, valued at $446,779.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alicia Syrett sold 1,500 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $22.87, for a total value of $34,305.00. Following the completion of the sale, the director now owns 29,687 shares of the company’s stock, valued at approximately $678,941.69. The disclosure for this sale can be found here. Insiders have sold 16,746 shares of company stock worth $440,823 in the last 90 days. 19.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Silverberg Bernstein Capital Management LLC bought a new position in Digimarc during the 4th quarter valued at about $15,531,000. Swiss National Bank bought a new position in shares of Digimarc during the third quarter valued at approximately $1,017,000. Barclays PLC raised its holdings in shares of Digimarc by 79.0% in the third quarter. Barclays PLC now owns 5,070 shares of the information technology services provider’s stock worth $165,000 after buying an additional 2,238 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of Digimarc during the 3rd quarter worth approximately $240,000. Finally, Vanguard Group Inc. boosted its holdings in Digimarc by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,121,044 shares of the information technology services provider’s stock valued at $36,423,000 after acquiring an additional 25,679 shares during the period. 66.85% of the stock is owned by hedge funds and other institutional investors.

Digimarc Stock Up 2.8 %

Shares of NASDAQ DMRC traded up $0.75 during midday trading on Monday, reaching $27.59. 72,982 shares of the stock traded hands, compared to its average volume of 135,888. The company’s 50 day moving average is $24.50 and its 200 day moving average is $31.29. Digimarc has a one year low of $21.00 and a one year high of $43.43.

Digimarc (NASDAQ:DMRCGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The information technology services provider reported ($0.41) EPS for the quarter. The business had revenue of $9.94 million during the quarter. Digimarc had a negative return on equity of 46.01% and a negative net margin of 114.38%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Craig Hallum cut their target price on shares of Digimarc from $35.00 to $28.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Digimarc in a report on Monday, May 6th.

Get Our Latest Research Report on DMRC

Digimarc Company Profile

(Get Free Report)

Digimarc Corporation, together with its subsidiaries, provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc Validate protects, a cloud-based record of product authentication information; Digimarc Engage, an interactive communications channel connecting brands and consumers; and Digimarc Recycle.

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