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Short Interest in Digimarc Co. (NASDAQ:DMRC) Expands By 9.3%

Digimarc logo with Industrial Products background

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

Hedge Funds Weigh In On Digimarc

A number of large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its stake in Digimarc by 1,834.7% during the 4th 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 grew its stake in shares of Digimarc by 0.7% during the first quarter. Silverberg Bernstein Capital Management LLC now owns 433,053 shares of the information technology services provider's stock worth $11,770,000 after acquiring an additional 3,079 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of 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 valued at $9,160,000 after acquiring an additional 8,875 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Digimarc by 10.4% in the 1st 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 boosted its stake in Digimarc by 9.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 63,728 shares of the information technology services provider's stock worth $1,732,000 after purchasing an additional 5,483 shares in the last quarter. 66.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DMRC shares. StockNews.com raised shares of Digimarc to a "sell" rating in a research report on Tuesday, September 17th. Needham & Company LLC reissued a "buy" rating and issued a $40.00 price objective on shares of Digimarc in a research note on Wednesday, August 14th.

View Our Latest Stock Report on Digimarc

Digimarc Stock Performance

DMRC stock traded down $0.15 during trading on Thursday, reaching $29.50. 63,830 shares of the company traded hands, compared to its average volume of 122,401. The company has a market capitalization of $630.50 million, a price-to-earnings ratio of -14.25 and a beta of 1.70. The business has a 50 day simple moving average of $27.87 and a 200 day simple moving average of $27.56. Digimarc has a 12 month low of $21.00 and a 12 month high of $43.43.

Digimarc (NASDAQ:DMRC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The information technology services provider reported ($0.23) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%.

Digimarc Company Profile

(Get Free Report)

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.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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