Digimarc Co. (NASDAQ:DMRC) Short Interest Update

Digimarc Co. (NASDAQ:DMRC) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 2,120,000 shares, a growth of 9.3% from the September 15th total of 1,940,000 shares. Based on an average daily volume of 95,500 shares, the short-interest ratio is currently 22.2 days. Approximately 14.2% of the company’s stock are short sold.

Digimarc Trading Down 0.5 %

DMRC stock traded down $0.15 during mid-day trading on Thursday, hitting $29.50. The stock had a trading volume of 63,830 shares, compared to its average volume of 122,401. The stock has a market capitalization of $630.50 million, a price-to-earnings ratio of -14.18 and a beta of 1.70. Digimarc has a 1-year low of $21.00 and a 1-year high of $43.43. The company has a fifty day moving average of $27.88 and a 200 day moving average of $27.58.

Digimarc (NASDAQ:DMRC) last issued its quarterly earnings data on Tuesday, August 13th. The information technology services provider reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.04. The firm had revenue of $10.38 million for the quarter. Digimarc had a negative net margin of 105.98% and a negative return on equity of 41.60%.

Wall Street Analyst Weigh In

DMRC has been the subject of a number of research reports. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Digimarc in a research report on Wednesday, August 14th. StockNews.com upgraded shares of Digimarc to a “sell” rating in a research note on Tuesday, September 17th.

Institutional Investors Weigh In On Digimarc

Large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its position in shares of Digimarc by 1,834.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 547,966 shares of the information technology services provider’s stock worth $19,793,000 after buying an additional 519,643 shares during the last quarter. Silverberg Bernstein Capital Management LLC lifted its holdings in Digimarc by 0.7% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 433,053 shares of the information technology services provider’s stock worth $11,770,000 after purchasing an additional 3,079 shares during the last quarter. Private Advisor Group LLC boosted its position in Digimarc by 2.7% during the first quarter. Private Advisor Group LLC now owns 337,024 shares of the information technology services provider’s stock worth $9,160,000 after purchasing an additional 8,875 shares during the period. BNP Paribas Financial Markets grew its holdings in Digimarc by 10.4% during the first quarter. BNP Paribas Financial Markets now owns 12,770 shares of the information technology services provider’s stock valued at $347,000 after purchasing an additional 1,207 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Digimarc by 9.4% in the first quarter. Janney Montgomery Scott LLC now owns 63,728 shares of the information technology services provider’s stock valued at $1,732,000 after purchasing an additional 5,483 shares during the period. 66.85% of the stock is currently owned by institutional investors.

About Digimarc

Digimarc Corporation, together with its subsidiaries, provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc Validate protects, a cloud-based record of product authentication information; Digimarc Engage, an interactive communications channel connecting brands and consumers; and Digimarc Recycle.