Eastman Kodak (NYSE:KODK) Sees Large Drop in Short Interest

Eastman Kodak (NYSE:KODKGet Free Report) saw a significant decrease in short interest in May. As of May 31st, there was short interest totalling 5,250,000 shares, a decrease of 6.7% from the May 15th total of 5,630,000 shares. Based on an average daily trading volume, of 831,800 shares, the days-to-cover ratio is currently 6.3 days. Currently, 8.4% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Eastman Kodak from a “hold” rating to a “sell” rating in a research note on Saturday, May 18th.

Read Our Latest Stock Analysis on KODK

Eastman Kodak Stock Down 1.3 %

Shares of NYSE KODK traded down $0.08 during mid-day trading on Wednesday, reaching $5.86. The company had a trading volume of 835,892 shares, compared to its average volume of 808,042. The stock has a fifty day moving average of $5.01 and a two-hundred day moving average of $4.40. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.47. The company has a market capitalization of $469.39 million, a price-to-earnings ratio of 9.16 and a beta of 3.57. Eastman Kodak has a 12-month low of $3.33 and a 12-month high of $6.34.

Eastman Kodak (NYSE:KODKGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The technology company reported $0.30 earnings per share (EPS) for the quarter. Eastman Kodak had a net margin of 6.80% and a return on equity of 10.61%. The business had revenue of $249.00 million during the quarter.

Hedge Funds Weigh In On Eastman Kodak

Hedge funds have recently added to or reduced their stakes in the company. IPG Investment Advisors LLC acquired a new position in Eastman Kodak during the fourth quarter valued at approximately $50,000. AXQ Capital LP acquired a new position in Eastman Kodak during the third quarter valued at approximately $54,000. Tower Research Capital LLC TRC grew its holdings in Eastman Kodak by 244.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 15,687 shares of the technology company’s stock valued at $61,000 after purchasing an additional 11,130 shares during the last quarter. New York State Common Retirement Fund grew its holdings in Eastman Kodak by 835.0% during the third quarter. New York State Common Retirement Fund now owns 22,955 shares of the technology company’s stock valued at $97,000 after purchasing an additional 20,500 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Eastman Kodak by 22.9% during the fourth quarter. SG Americas Securities LLC now owns 31,189 shares of the technology company’s stock valued at $122,000 after purchasing an additional 5,805 shares during the last quarter. Institutional investors and hedge funds own 33.65% of the company’s stock.

Eastman Kodak Company Profile

(Get Free Report)

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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