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

Emerald Holding, Inc. (NYSE:EEX) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 298,310 shares, a drop of 12.5% from the January 15th total of 340,800 shares. Based on an average trading volume of 41,218 shares, the days-to-cover ratio is presently 7.2 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 41,218 shares, the days-to-cover ratio is presently 7.2 days.

Emerald Price Performance

Shares of NYSE EEX opened at $4.80 on Wednesday. The company has a fifty day moving average price of $4.65 and a 200 day moving average price of $4.62. The firm has a market cap of $948.48 million, a PE ratio of 159.89 and a beta of 0.64. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.35. Emerald has a 1-year low of $3.21 and a 1-year high of $5.45.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EEX shares. Wall Street Zen lowered shares of Emerald from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Rosenblatt Securities reaffirmed a “buy” rating and set a $7.70 price objective on shares of Emerald in a research note on Wednesday, December 17th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Emerald in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Emerald presently has a consensus rating of “Hold” and an average price target of $7.70.

Institutional Investors Weigh In On Emerald

Hedge funds and other institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new stake in shares of Emerald in the second quarter valued at approximately $214,000. Squarepoint Ops LLC boosted its holdings in Emerald by 26.0% during the third quarter. Squarepoint Ops LLC now owns 47,364 shares of the company’s stock worth $241,000 after purchasing an additional 9,787 shares during the last quarter. MSD Partners L.P. grew its position in Emerald by 1.6% in the second quarter. MSD Partners L.P. now owns 1,066,638 shares of the company’s stock valued at $5,173,000 after purchasing an additional 16,638 shares in the last quarter. Jane Street Group LLC grew its position in Emerald by 18.1% in the second quarter. Jane Street Group LLC now owns 33,350 shares of the company’s stock valued at $162,000 after purchasing an additional 5,113 shares in the last quarter. Finally, XTX Topco Ltd increased its stake in Emerald by 103.7% in the 2nd quarter. XTX Topco Ltd now owns 30,127 shares of the company’s stock valued at $146,000 after buying an additional 15,339 shares during the last quarter. Institutional investors and hedge funds own 14.90% of the company’s stock.

Emerald Company Profile

Emerald (NYSE: EEX) is a global provider of independent data, news and analytics for commodity, financial and energy markets. The company operates digital platforms that deliver real-time and historical price assessments, market commentary, research reports and risk-management tools. Its subscriber base spans traders, asset managers, corporate hedgers and financial institutions seeking timely intelligence to support trading, risk management and investment decisions.

Serving clients across North America, Europe and Asia-Pacific, Emerald covers a broad range of markets including metals, energy products, agriculture, freight, environmental emissions and treasury benchmarks.