Short Interest in Eastman Kodak Company (NYSE:KODK) Increases By 22.1%
by Jessica Moore · The Cerbat GemEastman Kodak Company (NYSE:KODK – Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 5,620,523 shares, a growth of 22.1% from the March 15th total of 4,603,835 shares. Based on an average daily trading volume, of 1,496,078 shares, the days-to-cover ratio is presently 3.8 days. Currently, 7.6% of the shares of the stock are sold short.
Institutional Investors Weigh In On Eastman Kodak
Several institutional investors have recently modified their holdings of the business. Quantbot Technologies LP raised its stake in shares of Eastman Kodak by 3.8% during the third quarter. Quantbot Technologies LP now owns 37,306 shares of the technology company’s stock worth $239,000 after buying an additional 1,357 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Eastman Kodak by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,992 shares of the technology company’s stock valued at $227,000 after acquiring an additional 1,566 shares during the last quarter. AXQ Capital LP boosted its stake in Eastman Kodak by 7.9% in the fourth quarter. AXQ Capital LP now owns 21,459 shares of the technology company’s stock valued at $182,000 after acquiring an additional 1,579 shares during the last quarter. Creative Planning grew its holdings in Eastman Kodak by 3.4% during the 2nd quarter. Creative Planning now owns 52,090 shares of the technology company’s stock worth $294,000 after acquiring an additional 1,726 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Eastman Kodak by 9.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,887 shares of the technology company’s stock valued at $135,000 after acquiring an additional 1,964 shares during the last quarter. Institutional investors and hedge funds own 33.65% of the company’s stock.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of Eastman Kodak from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.
View Our Latest Research Report on KODK
Eastman Kodak Stock Up 2.7%
NYSE KODK opened at $13.17 on Friday. The stock has a market capitalization of $1.29 billion, a P/E ratio of -7.36 and a beta of 1.36. Eastman Kodak has a 52 week low of $4.94 and a 52 week high of $13.27. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.32 and a current ratio of 3.14. The stock has a fifty day moving average of $8.73 and a 200-day moving average of $7.94.
Eastman Kodak (NYSE:KODK – Get Free Report) last issued its quarterly earnings results on Thursday, March 12th. The technology company reported ($1.23) earnings per share (EPS) for the quarter. The firm had revenue of $290.00 million for the quarter. Eastman Kodak had a negative net margin of 11.97% and a negative return on equity of 19.99%.
About Eastman Kodak
Eastman Kodak Company (NYSE: KODK) is a global technology firm specializing in imaging, printing and advanced materials. The company offers a wide array of products and services that enable customers to create, manage and share visual content across traditional and digital platforms. Its core offerings include graphic communications solutions, enterprise inkjet systems, packaging technologies, functional printing and micro 3D printing systems.
Kodak’s graphic communications segment serves commercial printers, packaging converters and publishing houses with offset plates, digital presses, workflow software and services designed to streamline production.