Emerald Holding, Inc. (NYSE:EEX) Short Interest Up 5.8% in October

Emerald Holding, Inc. (NYSE:EEX) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 731,000 shares, a growth of 5.8% from the October 15th total of 690,700 shares. Based on an average daily trading volume, of 275,300 shares, the short-interest ratio is presently 2.7 days.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EEX shares. Maxim Group dropped their target price on Emerald from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Rosenblatt Securities decreased their target price on shares of Emerald from $8.40 to $7.80 and set a “buy” rating for the company in a report on Thursday, October 31st.

Hedge Funds Weigh In On Emerald

Several institutional investors have recently added to or reduced their stakes in EEX. SG Americas Securities LLC bought a new stake in shares of Emerald in the 3rd quarter worth about $53,000. Barclays PLC boosted its stake in shares of Emerald by 184.2% during the 3rd quarter. Barclays PLC now owns 21,977 shares of the company’s stock worth $109,000 after purchasing an additional 14,244 shares during the period. Paloma Partners Management Co purchased a new position in shares of Emerald during the 3rd quarter worth about $164,000. Centiva Capital LP purchased a new position in shares of Emerald during the 3rd quarter worth about $169,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Emerald during the 3rd quarter valued at about $195,000. Hedge funds and other institutional investors own 14.90% of the company’s stock.

Emerald Price Performance

NYSE EEX remained flat at $4.75 during trading hours on Tuesday. The company had a trading volume of 32,103 shares, compared to its average volume of 153,452. The stock has a 50 day moving average price of $4.61 and a 200 day moving average price of $5.29. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 1.27. Emerald has a 52 week low of $3.92 and a 52 week high of $7.05.

Emerald Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Monday, November 11th will be paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, November 8th. Emerald’s dividend payout ratio (DPR) is -11.11%.

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.