Eastman Kodak (NYSE:KODK) Short Interest Down 8.6% in June

Eastman Kodak (NYSE:KODK) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 4,465,700 shares, a decline of 8.6% from the May 30th total of 4,885,400 shares. Based on an average daily trading volume, of 248,300 shares, the days-to-cover ratio is presently 18.0 days. Currently, 13.2% of the shares of the stock are short sold.

NYSE:KODK traded down $0.08 during mid-day trading on Friday, reaching $2.53. The stock had a trading volume of 233,033 shares, compared to its average volume of 287,816. The company has a 50 day moving average price of $2.39. The company has a market capitalization of $112.16 million, a PE ratio of 7.91 and a beta of 2.34. Eastman Kodak has a one year low of $2.20 and a one year high of $4.44.

Eastman Kodak (NYSE:KODK) last released its earnings results on Thursday, May 9th. The technology company reported ($0.40) earnings per share for the quarter. The firm had revenue of $291.00 million during the quarter. Eastman Kodak had a positive return on equity of 145.46% and a negative net margin of 0.69%.

A number of large investors have recently added to or reduced their stakes in KODK. Squarepoint Ops LLC bought a new stake in Eastman Kodak in the fourth quarter valued at approximately $39,000. Rhumbline Advisers lifted its position in Eastman Kodak by 43.5% in the fourth quarter. Rhumbline Advisers now owns 22,496 shares of the technology company’s stock valued at $57,000 after purchasing an additional 6,820 shares during the last quarter. Spark Investment Management LLC lifted its position in Eastman Kodak by 29.4% in the first quarter. Spark Investment Management LLC now owns 206,700 shares of the technology company’s stock valued at $611,000 after purchasing an additional 47,000 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Eastman Kodak by 4.0% in the first quarter. First Eagle Investment Management LLC now owns 1,361,118 shares of the technology company’s stock valued at $4,029,000 after purchasing an additional 51,900 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in Eastman Kodak by 8.8% in the fourth quarter. California Public Employees Retirement System now owns 123,204 shares of the technology company’s stock valued at $314,000 after purchasing an additional 9,953 shares during the last quarter. Institutional investors own 57.16% of the company’s stock.

Eastman Kodak Company Profile

Eastman Kodak Company provides hardware, software, consumables, and services to customers in the graphic arts, commercial print, publishing, electronic displays, entertainment and commercial films, and consumer products markets worldwide. The company operates in six segments: Print Systems, Enterprise Inkjet Systems, Software and Solutions, Consumer and Film, Advanced Materials and 3D Printing Technology, and Eastman Business Park.

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