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

Digimarc Co. (NASDAQ:DMRC) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 2,120,000 shares, a growth of 9.3% from the September 15th total of 1,940,000 shares. Based on an average daily trading volume, of 95,500 shares, the short-interest ratio is presently 22.2 days. Approximately 14.2% of the company’s stock are sold short.

Institutional Trading of Digimarc

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Digimarc by 1.7% during the first quarter. Vanguard Group Inc. now owns 1,169,976 shares of the information technology services provider’s stock valued at $31,800,000 after buying an additional 19,460 shares during the last quarter. Beaconlight Capital LLC boosted its position in shares of Digimarc by 34.7% in the first quarter. Beaconlight Capital LLC now owns 778,017 shares of the information technology services provider’s stock worth $21,147,000 after purchasing an additional 200,251 shares during the period. Kimelman & Baird LLC bought a new position in shares of Digimarc in the second quarter worth approximately $18,249,000. Goldman Sachs Group Inc. boosted its position in shares of Digimarc by 1,834.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 547,966 shares of the information technology services provider’s stock worth $19,793,000 after purchasing an additional 519,643 shares during the period. Finally, Silverberg Bernstein Capital Management LLC boosted its position in shares of Digimarc by 4.0% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 459,933 shares of the information technology services provider’s stock worth $12,363,000 after purchasing an additional 17,880 shares during the period. 66.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Digimarc in a report on Wednesday, August 14th. StockNews.com raised shares of Digimarc to a “sell” rating in a report on Tuesday, September 17th.

Digimarc Stock Performance

Shares of DMRC traded down $0.15 during mid-day trading on Thursday, hitting $29.50. 63,830 shares of the company traded hands, compared to its average volume of 122,401. The stock has a 50-day moving average price of $27.88 and a two-hundred day moving average price of $27.58. Digimarc has a 1 year low of $21.00 and a 1 year high of $43.43. The stock has a market cap of $630.50 million, a price-to-earnings ratio of -14.18 and a beta of 1.70.

Digimarc (NASDAQ:DMRC) last released its quarterly earnings data on Tuesday, August 13th. The information technology services provider reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.04. Digimarc had a negative net margin of 105.98% and a negative return on equity of 41.60%. The firm had revenue of $10.38 million during the quarter.

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.