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

Emerald Holding, Inc. (NYSE:EEX) saw a large increase in short interest in the month of 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 trading volume, of 298,400 shares, the short-interest ratio is currently 2.9 days.

Emerald Stock Performance

EEX stock opened at $4.77 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.02. Emerald has a twelve month low of $3.92 and a twelve month high of $7.05. The company has a market cap of $968.23 million, a P/E ratio of -8.83 and a beta of 1.44. The business has a fifty day moving average of $4.58 and a 200-day moving average of $5.15.

Emerald Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders 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 dividend on an annualized basis and a yield of 1.26%. Emerald’s payout ratio is presently -11.11%.

Wall Street Analysts Forecast Growth

EEX has been the topic of a number of research reports. Maxim Group lowered their price objective on Emerald from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Rosenblatt Securities dropped their price objective on Emerald from $8.40 to $7.80 and set a “buy” rating for the company in a research note on Thursday, October 31st.

Hedge Funds Weigh In On Emerald

Several institutional investors have recently modified their holdings of the business. FFT Wealth Management LLC bought a new position in Emerald during the 2nd quarter worth about $532,000. Vanguard Group Inc. grew its holdings in shares of Emerald by 0.5% during the first quarter. Vanguard Group Inc. now owns 1,113,221 shares of the company’s stock worth $7,581,000 after buying an additional 5,184 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Emerald by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 269,034 shares of the company’s stock valued at $1,531,000 after buying an additional 2,624 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Emerald in the 3rd quarter valued at approximately $222,000. Finally, Renaissance Technologies LLC grew its stake in shares of Emerald by 9.0% during the 2nd quarter. Renaissance Technologies LLC now owns 195,357 shares of the company’s stock worth $1,112,000 after acquiring an additional 16,200 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.