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

Emerald Holding, Inc. (NYSE:EEX) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 869,900 shares, a growth of 9.7% from the November 15th total of 792,900 shares. Based on an average daily volume of 298,400 shares, the short-interest ratio is currently 2.9 days.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Emerald

Several institutional investors have recently modified their holdings of the business. FFT Wealth Management LLC acquired a new stake in shares of Emerald during the second quarter worth $532,000. Vanguard Group Inc. boosted its holdings in 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 during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Emerald by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 269,034 shares of the company’s stock worth $1,531,000 after buying an additional 2,624 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Emerald in the 3rd quarter valued at about $222,000. Finally, Renaissance Technologies LLC raised its position in shares of Emerald by 9.0% in the 2nd quarter. Renaissance Technologies LLC now owns 195,357 shares of the company’s stock valued at $1,112,000 after acquiring an additional 16,200 shares during the period. Institutional investors and hedge funds own 14.90% of the company’s stock.

Emerald Trading Up 0.6 %

Shares of EEX stock traded up $0.03 on Friday, reaching $4.77. 110,058 shares of the stock were exchanged, compared to its average volume of 159,477. The stock has a 50 day moving average price of $4.57 and a 200 day moving average price of $5.16. The stock has a market cap of $968.21 million, a PE ratio of -8.83 and a beta of 1.44. Emerald has a one year low of $3.92 and a one year high of $7.05. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.27 and a quick ratio of 1.27.

Emerald Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Monday, November 11th were given a dividend of $0.015 per share. 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%.

About Emerald

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.