Digimarc Co. (NASDAQ:DMRC) Short Interest Down 8.4% in April

Digimarc Co. (NASDAQ:DMRC) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 2,400,000 shares, a decrease of 8.4% from the March 31st total of 2,620,000 shares. Based on an average daily volume of 137,800 shares, the short-interest ratio is currently 17.4 days. Approximately 17.2% of the company’s stock are sold short.

Insider Buying and Selling

In related news, Director Milena Alberti-Perez sold 4,900 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $30.84, for a total value of $151,116.00. Following the completion of the transaction, the director now directly owns 14,487 shares in the company, valued at approximately $446,779.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Milena Alberti-Perez sold 4,900 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $30.84, for a total value of $151,116.00. Following the sale, the director now directly owns 14,487 shares of the company’s stock, valued at approximately $446,779.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Tony Rodriguez sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $26.91, for a total value of $53,820.00. Following the completion of the sale, the executive vice president now owns 41,259 shares in the company, valued at approximately $1,110,279.69. The disclosure for this sale can be found here. 20.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Digimarc

Hedge funds have recently added to or reduced their stakes in the company. Bryant Woods Investment Advisors LLC raised its position in Digimarc by 0.6% in the 4th quarter. Bryant Woods Investment Advisors LLC now owns 70,548 shares of the information technology services provider’s stock worth $2,548,000 after buying an additional 391 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Digimarc by 18.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,824 shares of the information technology services provider’s stock worth $102,000 after acquiring an additional 443 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Digimarc by 1.2% during the third quarter. Janney Montgomery Scott LLC now owns 61,495 shares of the information technology services provider’s stock valued at $1,998,000 after purchasing an additional 700 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Digimarc by 0.4% during the third quarter. Bank of New York Mellon Corp now owns 234,606 shares of the information technology services provider’s stock valued at $7,622,000 after purchasing an additional 901 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Digimarc by 23.5% during the fourth quarter. BNP Paribas Financial Markets now owns 11,563 shares of the information technology services provider’s stock valued at $418,000 after purchasing an additional 2,201 shares during the period. 66.85% of the stock is currently owned by hedge funds and other institutional investors.

Digimarc Stock Performance

Shares of DMRC traded down $0.56 during trading hours on Monday, hitting $21.82. The company had a trading volume of 105,132 shares, compared to its average volume of 127,347. The stock has a market capitalization of $466.29 million, a price-to-earnings ratio of -9.57 and a beta of 1.11. The firm has a fifty day moving average price of $28.21 and a 200-day moving average price of $31.88. Digimarc has a 52-week low of $16.70 and a 52-week high of $43.43.

Digimarc (NASDAQ:DMRC) last issued its earnings results on Wednesday, February 28th. The information technology services provider reported ($0.41) earnings per share (EPS) for the quarter. The firm had revenue of $9.28 million during the quarter. Digimarc had a negative return on equity of 50.45% and a negative net margin of 131.87%.

About Digimarc

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.