Emerald Holding, Inc. (NYSE:EEX) Short Interest Update

Emerald Holding, Inc. (NYSE:EEX) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 2,110,000 shares, a decrease of 7.5% from the August 31st total of 2,280,000 shares. Based on an average daily trading volume, of 287,300 shares, the short-interest ratio is currently 7.3 days.

Institutional Trading of Emerald

Institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its position in shares of Emerald by 5.9% during the second quarter. Bank of New York Mellon Corp now owns 70,486 shares of the company’s stock worth $401,000 after acquiring an additional 3,950 shares in the last quarter. FFT Wealth Management LLC purchased a new position in Emerald during the 2nd quarter valued at about $532,000. Thrivent Financial for Lutherans grew its holdings in Emerald by 17.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 126,479 shares of the company’s stock valued at $719,000 after buying an additional 19,156 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Emerald by 9.0% during the second quarter. Renaissance Technologies LLC now owns 195,357 shares of the company’s stock valued at $1,112,000 after buying an additional 16,200 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Emerald by 1.0% in the second 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 in the last quarter. 14.90% of the stock is currently owned by hedge funds and other institutional investors.

Emerald Stock Down 7.6 %

Shares of Emerald stock traded down $0.38 on Tuesday, hitting $4.61. The company had a trading volume of 155,138 shares, compared to its average volume of 159,056. Emerald has a 1 year low of $4.08 and a 1 year high of $7.05. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a 50 day moving average of $5.30 and a 200-day moving average of $5.74. The stock has a market capitalization of $939.69 million, a price-to-earnings ratio of -6.15 and a beta of 1.37.

Emerald (NYSE:EEX) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.13. Emerald had a return on equity of 3.53% and a net margin of 0.25%. The business had revenue of $86.00 million for the quarter.

Emerald Announces Dividend

The firm also recently announced a — dividend, which was paid on Thursday, August 29th. Stockholders of record on Monday, August 19th were paid a $0.015 dividend. The ex-dividend date of this dividend was Monday, August 19th. Emerald’s payout ratio is -40.00%.

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.