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

Eastman Kodak (NYSE:KODKGet Rating) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 5,000,000 shares, a decline of 6.5% from the October 15th total of 5,350,000 shares. Based on an average trading volume of 723,900 shares, the short-interest ratio is currently 6.9 days. Approximately 8.4% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KODK shares. TheStreet upgraded shares of Eastman Kodak from a “d” rating to a “c-” rating in a research note on Thursday, August 25th. StockNews.com downgraded shares of Eastman Kodak from a “hold” rating to a “sell” rating in a research report on Tuesday.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KODK. Credit Suisse AG boosted its stake in shares of Eastman Kodak by 5.9% during the 2nd quarter. Credit Suisse AG now owns 26,673 shares of the technology company’s stock worth $124,000 after acquiring an additional 1,490 shares in the last quarter. Sei Investments Co. increased its stake in Eastman Kodak by 8.1% in the 1st quarter. Sei Investments Co. now owns 35,686 shares of the technology company’s stock worth $229,000 after purchasing an additional 2,683 shares in the last quarter. Legal & General Group Plc increased its stake in Eastman Kodak by 23.0% in the 2nd quarter. Legal & General Group Plc now owns 17,896 shares of the technology company’s stock worth $83,000 after purchasing an additional 3,348 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Eastman Kodak by 10.0% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 38,449 shares of the technology company’s stock worth $177,000 after buying an additional 3,494 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Eastman Kodak by 20.9% during the first quarter. JPMorgan Chase & Co. now owns 22,152 shares of the technology company’s stock valued at $146,000 after buying an additional 3,822 shares in the last quarter. 32.13% of the stock is owned by institutional investors and hedge funds.

Eastman Kodak Stock Up 0.2 %

Shares of KODK stock opened at $4.56 on Friday. Eastman Kodak has a 1 year low of $3.45 and a 1 year high of $7.50. The company has a current ratio of 2.35, a quick ratio of 1.43 and a debt-to-equity ratio of 0.35. The business’s fifty day moving average is $5.01 and its 200-day moving average is $5.16.

About Eastman Kodak

(Get Rating)

Eastman Kodak Company provides hardware, software, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, and entertainment markets worldwide. The company operates through Traditional Printing, Digital Printing, Advanced Materials and Chemicals, and Brand.

Further Reading

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