Short Interest in Emerald Holding, Inc. (NYSE:EEX) Decreases By 12.5%

Emerald Holding, Inc. (NYSE:EEX) was the recipient of a large decline in short interest in 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 daily volume of 41,218 shares, the short-interest ratio is presently 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 daily volume of 41,218 shares, the short-interest ratio is presently 7.2 days.

Wall Street Analyst Weigh In

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

Institutional Trading of Emerald

Large investors have recently bought and sold shares of the business. Advisory Research Inc. lifted its stake in Emerald by 0.7% in the 4th quarter. Advisory Research Inc. now owns 1,789,157 shares of the company’s stock worth $7,998,000 after purchasing an additional 13,015 shares in the last quarter. State Street Corp increased its holdings in shares of Emerald by 1.0% in the fourth quarter. State Street Corp now owns 241,698 shares of the company’s stock valued at $1,080,000 after purchasing an additional 2,394 shares during the last quarter. Wells Fargo & Company MN lifted its position in Emerald by 79.0% during the fourth quarter. Wells Fargo & Company MN now owns 15,308 shares of the company’s stock worth $68,000 after buying an additional 6,756 shares in the last quarter. Jane Street Group LLC boosted its stake in Emerald by 239.7% during the fourth quarter. Jane Street Group LLC now owns 82,034 shares of the company’s stock worth $367,000 after buying an additional 57,886 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in Emerald by 58.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 38,972 shares of the company’s stock valued at $174,000 after buying an additional 14,366 shares in the last quarter. Hedge funds and other institutional investors own 14.90% of the company’s stock.

Emerald Stock Up 0.5%

NYSE EEX opened at $4.78 on Tuesday. The business has a fifty day moving average price of $4.63 and a 200 day moving average price of $4.63. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $944.74 million, a P/E ratio of 159.25 and a beta of 0.64. Emerald has a one year low of $3.21 and a one year high of $5.45.

About Emerald

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.