Digimarc Co. (NASDAQ:DMRC) Short Interest Update

Digimarc Co. (NASDAQ:DMRC) was the target of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 1,960,000 shares, a decrease of 6.7% from the October 31st total of 2,100,000 shares. Based on an average trading volume of 103,200 shares, the days-to-cover ratio is presently 19.0 days. Approximately 13.1% of the shares of the company are sold short.

Digimarc Trading Down 0.3 %

Digimarc stock opened at $34.38 on Wednesday. The stock has a 50 day moving average of $30.75 and a two-hundred day moving average of $29.64. Digimarc has a twelve month low of $21.00 and a twelve month high of $43.43. The stock has a market capitalization of $736.42 million, a price-to-earnings ratio of -17.63 and a beta of 1.70.

Analyst Ratings Changes

A number of equities analysts have recently commented on DMRC shares. StockNews.com raised shares of Digimarc to a “sell” rating in a report on Tuesday, September 17th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Digimarc in a research note on Friday, November 15th.

Institutional Investors Weigh In On Digimarc

Several hedge funds have recently modified their holdings of DMRC. West Branch Capital LLC acquired a new stake in shares of Digimarc in the 2nd quarter worth $62,000. nVerses Capital LLC purchased a new position in Digimarc during the second quarter worth about $62,000. SG Americas Securities LLC acquired a new stake in Digimarc in the third quarter valued at about $106,000. FMR LLC lifted its position in Digimarc by 201.6% in the third quarter. FMR LLC now owns 4,983 shares of the information technology services provider’s stock valued at $134,000 after purchasing an additional 3,331 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Digimarc in the 2nd quarter valued at approximately $148,000. 66.85% of the stock is owned by institutional investors and hedge funds.

Digimarc Company Profile

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.