Eastman Kodak (NYSE:KODK) Short Interest Up 18.2% in May

Eastman Kodak (NYSE:KODK - Get Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 7,410,000 shares, an increase of 18.2% from the April 30th total of 6,270,000 shares. Based on an average daily volume of 1,300,000 shares, the short-interest ratio is currently 5.7 days. Approximately 11.8% of the company's stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Eastman Kodak from a "hold" rating to a "sell" rating in a research note on Monday, May 12th.

Eastman Kodak Stock Down 4.5%

KODK traded down $0.27 during trading on Thursday, hitting $5.58. The stock had a trading volume of 731,366 shares, compared to its average volume of 1,044,104. The company has a market capitalization of $450.27 million, a PE ratio of 7.96 and a beta of 3.92. Eastman Kodak has a twelve month low of $4.26 and a twelve month high of $8.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.51 and a current ratio of 2.41. The stock has a 50 day simple moving average of $6.07 and a two-hundred day simple moving average of $6.60.

Eastman Kodak (NYSE:KODK - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The technology company reported ($0.12) EPS for the quarter. Eastman Kodak had a return on equity of 8.47% and a net margin of 7.70%.

Institutional Investors Weigh In On Eastman Kodak

Several institutional investors and hedge funds have recently made changes to their positions in KODK. First Eagle Investment Management LLC acquired a new stake in shares of Eastman Kodak during the fourth quarter worth $2,138,000. Russell Investments Group Ltd. lifted its stake in shares of Eastman Kodak by 34,542.8% during the first quarter. Russell Investments Group Ltd. now owns 272,639 shares of the technology company's stock worth $1,723,000 after buying an additional 271,852 shares during the period. Tenzing Global Management LLC acquired a new stake in shares of Eastman Kodak during the first quarter worth $1,580,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Eastman Kodak during the fourth quarter worth $1,316,000. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Eastman Kodak during the first quarter worth $967,000. 33.65% of the stock is currently owned by institutional investors and hedge funds.

About Eastman Kodak

Eastman Kodak Company engages in the provision of hardware, software, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, and entertainment markets worldwide. The company operates through three segments: Print, Advanced Materials and Chemicals, and Brand.

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