Digimarc Co. (NASDAQ:DMRC) Sees Significant Decrease in Short Interest

Digimarc Co. (NASDAQ:DMRC) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 1,960,000 shares, a decline of 6.7% from the October 31st total of 2,100,000 shares. Based on an average trading volume of 103,200 shares, the days-to-cover ratio is currently 19.0 days. Approximately 13.1% of the company’s shares are short sold.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. StockNews.com raised shares of Digimarc to a “sell” rating in a research note on Tuesday, September 17th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of Digimarc in a research note on Friday, November 15th.

Hedge Funds Weigh In On Digimarc

Several institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC raised its holdings in Digimarc by 240.9% during the 3rd quarter. Barclays PLC now owns 25,172 shares of the information technology services provider’s stock worth $677,000 after buying an additional 17,788 shares during the period. Verition Fund Management LLC bought a new position in Digimarc in the third quarter valued at approximately $216,000. Woodson Capital Management LP lifted its stake in Digimarc by 18.5% in the third quarter. Woodson Capital Management LP now owns 455,664 shares of the information technology services provider’s stock valued at $12,248,000 after acquiring an additional 71,126 shares during the last quarter. PEAK6 Investments LLC bought a new position in Digimarc during the third quarter worth about $292,000. Finally, Beaconlight Capital LLC increased its position in Digimarc by 3.4% during the third quarter. Beaconlight Capital LLC now owns 801,084 shares of the information technology services provider’s stock worth $21,533,000 after buying an additional 26,425 shares during the last quarter. Institutional investors and hedge funds own 66.85% of the company’s stock.

Digimarc Stock Down 0.3 %

Digimarc stock traded down $0.09 during midday trading on Tuesday, hitting $34.38. 107,310 shares of the stock were exchanged, compared to its average volume of 147,906. The stock has a market capitalization of $736.42 million, a PE ratio of -17.63 and a beta of 1.70. The company has a fifty day simple moving average of $30.61 and a two-hundred day simple moving average of $29.57. Digimarc has a 52 week low of $21.00 and a 52 week high of $43.43.

Digimarc Company Profile

Digimarc Corporation, together with its subsidiaries, provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc Validate protects, a cloud-based record of product authentication information; Digimarc Engage, an interactive communications channel connecting brands and consumers; and Digimarc Recycle.