Remark Holdings, Inc. (NASDAQ:MARK) Sees Large Increase in Short Interest

Remark Holdings, Inc. (NASDAQ:MARK) 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

Several institutional investors have recently bought and sold shares of MARK. Cutter & CO Brokerage Inc. grew its position in Remark by 101.3% in the third quarter. Cutter & CO Brokerage Inc. now owns 1,269,647 shares of the information services provider’s stock valued at $633,000 after purchasing an additional 638,940 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Remark by 7.8% during the 3rd quarter. Vanguard Group Inc. now owns 3,302,333 shares of the information services provider’s stock worth $878,000 after buying an additional 238,328 shares during the last quarter. State Street Corp grew its holdings in shares of Remark by 33.4% in the 1st 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 in the last quarter. Cannell & Co. acquired a new stake in shares of Remark in the first quarter valued at about $105,000. Finally, Bank of America Corp DE bought a new stake in Remark during the first quarter worth about $35,000. Institutional investors own 8.44% of the company’s stock.

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) 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.