Eastman Kodak (NYSE:KODK) Sees Significant Growth in Short Interest

Eastman Kodak (NYSE:KODK) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 5,330,000 shares, a growth of 9.9% from the October 31st total of 4,850,000 shares. Based on an average daily volume of 735,400 shares, the short-interest ratio is presently 7.2 days. Approximately 8.5% of the shares of the company are short sold.

Institutional Trading of Eastman Kodak

A number of institutional investors have recently bought and sold shares of KODK. Dimensional Fund Advisors LP boosted its position in shares of Eastman Kodak by 49.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,007,735 shares of the technology company’s stock worth $10,801,000 after purchasing an additional 659,991 shares in the last quarter. State Street Corp raised its position in shares of Eastman Kodak by 1.1% during the third quarter. State Street Corp now owns 1,956,101 shares of the technology company’s stock worth $9,233,000 after purchasing an additional 20,731 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Eastman Kodak by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,528,671 shares of the technology company’s stock valued at $7,217,000 after purchasing an additional 57,487 shares in the last quarter. Royce & Associates LP grew its position in shares of Eastman Kodak by 7.4% in the 3rd quarter. Royce & Associates LP now owns 940,334 shares of the technology company’s stock valued at $4,438,000 after purchasing an additional 64,680 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Eastman Kodak by 2.1% during the second quarter. AQR Capital Management LLC now owns 826,827 shares of the technology company’s stock worth $4,448,000 after acquiring an additional 16,693 shares in the last quarter. Institutional investors and hedge funds own 33.65% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Eastman Kodak from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th.

Eastman Kodak Price Performance

Eastman Kodak stock traded down $0.54 during mid-day trading on Tuesday, hitting $6.68. 2,615,578 shares of the company were exchanged, compared to its average volume of 914,289. The company has a market capitalization of $537.07 million, a PE ratio of 9.54 and a beta of 3.73. Eastman Kodak has a 1-year low of $3.33 and a 1-year high of $7.74. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average of $5.16 and a 200 day moving average of $5.26.

Eastman Kodak (NYSE:KODK) last issued its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.15 EPS for the quarter. The firm had revenue of $261.00 million for the quarter. Eastman Kodak had a net margin of 7.70% and a return on equity of 8.47%.

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.