Emerald Holding, Inc. (NYSE:EEX) Short Interest Update

Emerald Holding, Inc. (NYSE:EEX) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 2,110,000 shares, a decrease of 7.5% from the August 31st total of 2,280,000 shares. Based on an average daily volume of 287,300 shares, the short-interest ratio is presently 7.3 days.

Emerald Trading Down 6.6 %

EEX stock traded down $0.33 during midday trading on Tuesday, reaching $4.66. 81,655 shares of the company traded hands, compared to its average volume of 158,667. The firm has a market capitalization of $949.88 million, a price-to-earnings ratio of -6.65 and a beta of 1.37. The business has a 50 day moving average of $5.30 and a 200-day moving average of $5.74. Emerald has a 52-week low of $4.08 and a 52-week high of $7.05. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.34 and a current ratio of 1.34.

Emerald (NYSE:EEX) last released its earnings results on Wednesday, August 7th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.13. The firm had revenue of $86.00 million for the quarter. Emerald had a return on equity of 3.53% and a net margin of 0.25%.

Emerald Dividend Announcement

The firm also recently announced a — dividend, which was paid on Thursday, August 29th. Stockholders of record on Monday, August 19th were paid a dividend of $0.015 per share. The ex-dividend date was Monday, August 19th. Emerald’s dividend payout ratio is -40.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in Emerald by 5.9% in the second quarter. Bank of New York Mellon Corp now owns 70,486 shares of the company’s stock worth $401,000 after purchasing an additional 3,950 shares in the last quarter. FFT Wealth Management LLC bought a new position in Emerald in the second quarter worth approximately $532,000. Thrivent Financial for Lutherans grew its stake in Emerald by 17.8% in the second quarter. Thrivent Financial for Lutherans now owns 126,479 shares of the company’s stock worth $719,000 after purchasing an additional 19,156 shares in the last quarter. Renaissance Technologies LLC grew its stake in Emerald by 9.0% in the second quarter. Renaissance Technologies LLC now owns 195,357 shares of the company’s stock worth $1,112,000 after purchasing an additional 16,200 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Emerald by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 269,034 shares of the company’s stock valued at $1,531,000 after acquiring an additional 2,624 shares in the last quarter. Institutional investors own 14.90% of the company’s stock.

Emerald Company Profile

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.