Eastman Kodak Company (KODK) Short Interest Update

Eastman Kodak Company (NYSE:KODK) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 8,748,846 shares, a decline of 28.3% from the January 12th total of 12,199,474 shares. Based on an average daily volume of 6,471,267 shares, the days-to-cover ratio is presently 1.4 days. Currently, 27.2% of the company’s stock are short sold.

In other news, insider Brad Kruchten sold 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $8.37, for a total value of $28,458.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.10% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. MYDA Advisors LLC bought a new stake in shares of Eastman Kodak in the 4th quarter worth approximately $105,000. Virtu Financial LLC boosted its position in shares of Eastman Kodak by 220.2% in the 4th quarter. Virtu Financial LLC now owns 41,625 shares of the technology company’s stock worth $129,000 after purchasing an additional 28,625 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Eastman Kodak by 707.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 44,829 shares of the technology company’s stock valued at $139,000 after acquiring an additional 39,275 shares in the last quarter. Alliancebernstein L.P. lifted its position in Eastman Kodak by 39.1% in the 2nd quarter. Alliancebernstein L.P. now owns 22,400 shares of the technology company’s stock valued at $204,000 after acquiring an additional 6,300 shares in the last quarter. Finally, Alambic Investment Management L.P. lifted its position in Eastman Kodak by 412.0% in the 4th quarter. Alambic Investment Management L.P. now owns 80,900 shares of the technology company’s stock valued at $251,000 after acquiring an additional 65,100 shares in the last quarter. 71.80% of the stock is currently owned by hedge funds and other institutional investors.

Separately, TheStreet cut Eastman Kodak from a “c-” rating to a “d” rating in a research report on Wednesday, November 29th.

Shares of Eastman Kodak (KODK) opened at $5.80 on Wednesday. The company has a debt-to-equity ratio of -3.44, a current ratio of 2.40 and a quick ratio of 1.64. Eastman Kodak has a 12-month low of $2.95 and a 12-month high of $15.30. The company has a market capitalization of $249.04, a P/E ratio of -0.96 and a beta of 2.43.

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About Eastman Kodak

Eastman Kodak Company provides hardware, software, consumables, and services to customers in various markets worldwide. The company operates through seven segments: Print Systems; Micro 3D Printing and Packaging; Software and Solutions; Consumer and Film; Enterprise Inkjet Systems; Intellectual Property Solutions; and Eastman Business Park.

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