Remark Holdings, Inc. (NASDAQ:MARK) Short Interest Update

Remark Holdings, Inc. (NASDAQ:MARK) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,590,000 shares, a decline of 18.5% from the August 15th total of 1,950,000 shares. Based on an average trading volume of 357,000 shares, the short-interest ratio is currently 4.5 days. Currently, 9.5% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Remark in a report on Thursday, August 17th. They set a “sell” rating for the company.

Institutional Investors Weigh In On Remark

Hedge funds and other institutional investors have recently made changes to their positions in the business. UBS Group AG raised its position in shares of Remark by 292.8% in the first quarter. UBS Group AG now owns 29,460 shares of the information services provider’s stock valued at $25,000 after buying an additional 21,960 shares in the last quarter. Virtu Financial LLC acquired a new position in Remark during the second quarter valued at approximately $25,000. Bank of America Corp DE acquired a new position in Remark during the first quarter valued at approximately $35,000. Cannell & Co. acquired a new position in Remark during the first quarter valued at approximately $105,000. Finally, State Street Corp raised its position in Remark by 33.4% during the first quarter. State Street Corp now owns 344,880 shares of the information services provider’s stock valued at $282,000 after purchasing an additional 86,348 shares in the last quarter. 8.44% of the stock is currently owned by institutional investors and hedge funds.

Remark Trading Down 0.6 %

Shares of NASDAQ:MARK traded down $0.00 during trading on Monday, reaching $0.53. 64,782 shares of the stock were exchanged, compared to its average volume of 814,041. Remark has a 12 month low of $0.50 and a 12 month high of $3.95. The stock has a 50-day moving average price of $0.80 and a 200-day moving average price of $1.03.

Remark (NASDAQ:MARK) last released its quarterly earnings results on Monday, August 14th. The information services provider reported ($0.42) earnings per share for the quarter. The firm had revenue of $3.17 million for the quarter.

Remark Company Profile

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.