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

Eastman Kodak (NYSE:KODK) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 5,270,000 shares, a decline of 5.7% from the July 15th total of 5,590,000 shares. Currently, 8.4% of the shares of the stock are short sold. Based on an average daily volume of 739,800 shares, the days-to-cover ratio is currently 7.1 days.

Institutional Investors Weigh In On Eastman Kodak

A number of institutional investors and hedge funds have recently bought and sold shares of KODK. Gladius Capital Management LP purchased a new position in Eastman Kodak during the second quarter worth $33,000. IPG Investment Advisors LLC acquired a new position in Eastman Kodak in the 4th quarter valued at about $50,000. Tower Research Capital LLC TRC lifted its holdings in Eastman Kodak by 244.2% in the 4th 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 in the last quarter. CWM LLC boosted its stake in shares of Eastman Kodak by 128.4% during the 2nd quarter. CWM LLC now owns 11,410 shares of the technology company’s stock worth $61,000 after purchasing an additional 6,415 shares during the last quarter. Finally, Rathbones Group PLC acquired a new stake in shares of Eastman Kodak during the 2nd quarter worth about $69,000. Hedge funds and other institutional investors own 33.65% of the company’s stock.

Analyst Upgrades and Downgrades

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

Eastman Kodak Stock Performance

Shares of KODK opened at $5.00 on Wednesday. The company has a 50-day moving average of $5.44 and a two-hundred day moving average of $4.93. The stock has a market cap of $400.50 million, a P/E ratio of 7.81 and a beta of 3.66. Eastman Kodak has a 12-month low of $3.33 and a 12-month high of $6.18. The company has a current ratio of 2.47, a quick ratio of 1.63 and a debt-to-equity ratio of 0.47.

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.