Emerald Holding, Inc. (NYSE:EEX) Sees Significant Drop in Short Interest

Emerald Holding, Inc. (NYSE:EEX) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 298,310 shares, a decline of 12.5% from the January 15th total of 340,800 shares. Based on an average trading volume of 41,218 shares, the short-interest ratio is currently 7.2 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 41,218 shares, the short-interest ratio is currently 7.2 days.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Emerald

Large investors have recently modified their holdings of the business. Los Angeles Capital Management LLC bought a new position in shares of Emerald during the second quarter valued at $214,000. Jane Street Group LLC increased its holdings in Emerald by 239.7% in the fourth quarter. Jane Street Group LLC now owns 82,034 shares of the company’s stock valued at $367,000 after purchasing an additional 57,886 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in Emerald by 58.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 38,972 shares of the company’s stock valued at $174,000 after purchasing an additional 14,366 shares during the period. Goldman Sachs Group Inc. raised its position in Emerald by 7.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 59,062 shares of the company’s stock worth $264,000 after purchasing an additional 4,133 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new position in Emerald during the 4th quarter worth about $67,000. Institutional investors and hedge funds own 14.90% of the company’s stock.

Emerald Price Performance

Shares of EEX opened at $4.82 on Thursday. The company’s 50-day moving average is $4.68 and its 200-day moving average is $4.63. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $952.85 million, a PE ratio of 160.62 and a beta of 0.64. Emerald has a fifty-two week low of $3.21 and a fifty-two week high of $5.45.

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.