Remark Holdings, Inc. (NASDAQ:MARK – Get Free Report) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 1,810,000 shares, a growth of 20.7% from the October 15th total of 1,500,000 shares. Based on an average daily volume of 271,800 shares, the days-to-cover ratio is currently 6.7 days. Currently, 9.5% of the company’s stock are sold short.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on Remark in a research report on Sunday. They issued a “sell” rating for the company.
Institutional Investors Weigh In On Remark
Remark Stock Up 2.6 %
NASDAQ MARK opened at $0.59 on Wednesday. The company has a fifty day simple moving average of $0.50 and a 200 day simple moving average of $0.83. Remark has a 1 year low of $0.39 and a 1 year high of $3.10.
Remark (NASDAQ:MARK – Get Free Report) last posted its quarterly earnings data 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 during 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.
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