Remark Holdings, Inc. (NASDAQ:MARK) Takes a Hit in the Market Today – Down $0.36

0
22

The company is so far trading down by 8.45% percent from yesterday’s close losing $0.36. 275,429 shares have changed hands.

The stock last traded at $3.90 significantly above $2.90, the 50 day moving average and much higher than the 200 day moving average of $2.90. The 50 day moving average was up $1.00 whereas the 200 day average was up by +34.4997%.

Short traders are more bullish on shares of Remark Holdings, Inc. recently as evidenced by the motion in short interest. The stock recorded a fall in short interest of -2.77% between August 15, 2017 and August 31, 2017. Short interest fell from 192,950 to 187,611 over that timeframe. With short interest at 187,611 and short average daily volume at 61,257, days to cover is 3.0 and the short interest percentage is 0.01% as of August 31.

These funds have shifted positions in (MARK). As of quarter end Tower Research Capital LLC (trc) had disposed of a total of 1,015 shares trimming its stake by 76.7%. The value of the investment in MARK decreased from $6,000 to $1,000 a change of $5,000 for the reporting period. As of the end of the quarter Vanguard Group Inc had bought 43,956 shares growing its position 16.7%. The value of the company’s investment in Remark Holdings, Inc. went from $1,031,000 to $908,000 a change of 11.9% quarter to quarter.

In the last earnings report the EPS was $-1.29 and is projected to be $-0.71 for the current year with 22,653,000 shares outstanding. Next quarter’s EPS is expected be $-0.27 and the next full year EPS is projected to be $-0.97.

Remark Holdings, Inc., formerly Remark Media, Inc., launched on March 14, 2006, owns, operates and acquires digital media properties across multiple verticals that deliver culturally relevant and dynamic content. The Company operates through the travel and entertainment segment. The travel and entertainment segment includes the Vegas.com and its Roomlia mobile application. The Company is involved in the sale of various travel and entertainment products, including lodging, air travel, show tickets and tours, which are booked through its travel and entertainment segment, consisting of Vegas.com and its related Websites, including LasVegas.com, mobile applications and retail locations. KanKan, the Business’s social media application and data intelligence platform, aggregates content and consumer-shopping data across social media platforms around the world, and then stores it after scrubbing, analyzing and organizing the collected information. For users, the application allows them to explore the world around them, communicate with friends, make friends and respond to each other’s social media posts, regardless of the social media network on which activity originates..