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

Key Points

• Short interest in Emerald Holding, Inc. decreased by 20.9% in August, bringing total short shares down to 622,400 from 786,800.
• Recent institutional investments showed positive sentiment, with Northern Trust Corp increasing its stake by 11.6% and other firms also boosting their positions, indicating growing confidence in the company.
• Emerald announced a quarterly dividend of $0.015 per share, reflecting an annualized yield of 1.2%, despite a high payout ratio of 120.00%.

Emerald Holding, Inc. (NYSE:EEX - Get Free Report) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 622,400 shares, a drop of 20.9% from the August 15th total of 786,800 shares. Based on an average daily volume of 63,200 shares, the short-interest ratio is currently 9.8 days. Approximately 3.7% of the company's stock are sold short. Approximately 3.7% of the company's stock are sold short. Based on an average daily volume of 63,200 shares, the short-interest ratio is currently 9.8 days.

Wall Street Analysts Forecast Growth

EEX has been the subject of several analyst reports. Wall Street Zen raised shares of Emerald from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Rosenblatt Securities raised their price target on shares of Emerald from $7.80 to $7.90 and gave the company a "buy" rating in a research report on Thursday, August 14th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $7.95.

Hedge Funds Weigh In On Emerald

Several hedge funds and other institutional investors have recently modified their holdings of the business. MSD Partners L.P. lifted its stake in shares of Emerald by 1.6% in the second quarter. MSD Partners L.P. now owns 1,066,638 shares of the company's stock worth $5,173,000 after buying an additional 16,638 shares in the last quarter. Jane Street Group LLC increased its position in Emerald by 18.1% during the second quarter. Jane Street Group LLC now owns 33,350 shares of the company's stock worth $162,000 after purchasing an additional 5,113 shares during the last quarter. XTX Topco Ltd increased its position in Emerald by 103.7% during the second quarter. XTX Topco Ltd now owns 30,127 shares of the company's stock worth $146,000 after purchasing an additional 15,339 shares during the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in Emerald during the second quarter worth about $33,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Emerald during the second quarter worth about $214,000. 14.90% of the stock is owned by hedge funds and other institutional investors.

Emerald Stock Performance

Emerald stock traded down $0.07 during mid-day trading on Friday, reaching $5.08. 292,455 shares of the company traded hands, compared to its average volume of 50,887. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.05 and a quick ratio of 1.05. Emerald has a fifty-two week low of $3.21 and a fifty-two week high of $5.45. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 101.60 and a beta of 1.19. The firm's fifty day moving average is $5.02 and its two-hundred day moving average is $4.58.

Emerald (NYSE:EEX - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $105.50 million during the quarter, compared to analyst estimates of $100.40 million. Emerald had a return on equity of 2.03% and a net margin of 1.83%.During the same quarter in the previous year, the company earned ($0.02) EPS. Emerald has set its FY 2025 guidance at EPS.

Emerald Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were issued a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 14th. Emerald's dividend payout ratio (DPR) is presently 120.00%.

Emerald Company Profile

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.