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

Emerald Holding, Inc. (NYSE:EEX) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 208,800 shares, an increase of 17.0% from the May 31st total of 178,500 shares. Based on an average trading volume of 147,700 shares, the short-interest ratio is presently 1.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. purchased a new position in Emerald during the fourth quarter worth approximately $159,000. Acadian Asset Management LLC grew its holdings in Emerald by 362.0% during the 3rd quarter. Acadian Asset Management LLC now owns 84,837 shares of the company’s stock valued at $382,000 after purchasing an additional 66,475 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in Emerald by 99.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 130,322 shares of the company’s stock valued at $589,000 after purchasing an additional 64,892 shares in the last quarter. Cannell Capital LLC grew its holdings in Emerald by 508.6% during the 3rd quarter. Cannell Capital LLC now owns 912,207 shares of the company’s stock valued at $4,123,000 after purchasing an additional 762,310 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Emerald by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 1,113,221 shares of the company’s stock valued at $7,581,000 after purchasing an additional 5,184 shares in the last quarter. 14.90% of the stock is currently owned by institutional investors and hedge funds.

Emerald Trading Down 2.2 %

Shares of Emerald stock traded down $0.13 on Friday, reaching $5.69. 306,401 shares of the stock were exchanged, compared to its average volume of 414,515. Emerald has a 1-year low of $3.65 and a 1-year high of $7.05. The business has a fifty day moving average price of $5.93 and a two-hundred day moving average price of $6.07. The firm has a market capitalization of $1.16 billion, a PE ratio of -7.59 and a beta of 1.34.

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.