Remark Holdings, Inc. (NASDAQ:MARK) Short Interest Down 11.3% in September

Posted by Defense World Staff on Oct 17th, 2023

Remark Holdings, Inc. (NASDAQ:MARK – Get Free Report) saw a large decline in short interest in September. As of September 30th, there was short interest totalling 1,410,000 shares, a decline of 11.3% from the September 15th total of 1,590,000 shares. Approximately 8.3% of the company’s stock are sold short. Based on an average trading volume of 323,300 shares, the short-interest ratio is currently 4.4 days.

Institutional Investors Weigh In On Remark

Several hedge funds and other institutional investors have recently bought and sold shares of MARK. Vanguard Group Inc. increased its position in shares of Remark by 7.8% during the third quarter. Vanguard Group Inc. now owns 3,302,333 shares of the information services provider’s stock worth $878,000 after purchasing an additional 238,328 shares in the last quarter. Cutter & CO Brokerage Inc. lifted its stake in Remark by 11.6% in the second quarter. Cutter & CO Brokerage Inc. now owns 630,707 shares of the information services provider’s stock valued at $618,000 after buying an additional 65,460 shares during the last quarter. State Street Corp boosted its holdings in shares of Remark by 33.4% in the first quarter. State Street Corp now owns 344,880 shares of the information services provider’s stock valued at $282,000 after acquiring an additional 86,348 shares during the period. Cannell & Co. acquired a new stake in shares of Remark in the first quarter valued at approximately $105,000. Finally, Bank of America Corp DE purchased a new position in shares of Remark during the first quarter worth approximately $35,000. 8.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Remark in a research report on Sunday. They set a “sell” rating for the company.

Get Our Latest Stock Analysis on MARK

Remark Trading Down 7.0 %

MARK opened at $0.51 on Tuesday. Remark has a one year low of $0.40 and a one year high of $3.95. The business’s 50-day simple moving average is $0.60 and its 200-day simple moving average is $0.94.

Remark (NASDAQ:MARK – Get Free Report) last announced its quarterly earnings results on Monday, August 14th. The information services provider reported ($0.42) EPS for the quarter. The business had revenue of $3.17 million for the quarter.

Remark Company Profile

(Get Free Report)

Remark Holdings, Inc primarily focuses on the development and deployment of artificial intelligence-based solutions for businesses and software developers. It operates a data and AI software platform that offers AI-based computer vision products, computing devices, and software-as-a-service solutions; and Smart Safety Platform, a software solution that uses computer vision to detect persons, objects, and behavior in video feeds, as well as provides Remark AI Thermal kits and rPad products and services.