Eastman Kodak Company (NYSE:KODK) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 8,748,846 shares, a decrease of 28.3% from the January 12th total of 12,199,474 shares. Currently, 27.2% of the company’s stock are short sold. Based on an average trading volume of 6,471,267 shares, the days-to-cover ratio is currently 1.4 days.

In related news, insider Brad Kruchten sold 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $8.37, for a total value of $28,458.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 5.10% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in KODK. Teachers Advisors LLC lifted its holdings in shares of Eastman Kodak by 2.0% during the 2nd quarter. Teachers Advisors LLC now owns 33,849 shares of the technology company’s stock valued at $308,000 after buying an additional 650 shares during the period. Numeric Investors LLC lifted its holdings in shares of Eastman Kodak by 19.5% during the 2nd quarter. Numeric Investors LLC now owns 35,000 shares of the technology company’s stock valued at $318,000 after buying an additional 5,700 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Eastman Kodak by 39.1% during the 2nd quarter. Alliancebernstein L.P. now owns 22,400 shares of the technology company’s stock valued at $204,000 after buying an additional 6,300 shares during the period. Strs Ohio lifted its holdings in shares of Eastman Kodak by 13.0% during the 3rd quarter. Strs Ohio now owns 76,700 shares of the technology company’s stock valued at $563,000 after buying an additional 8,800 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Eastman Kodak by 17.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 79,362 shares of the technology company’s stock valued at $722,000 after buying an additional 11,800 shares during the period. 71.80% of the stock is currently owned by institutional investors and hedge funds.

Eastman Kodak (NYSE KODK) opened at $5.80 on Wednesday. The stock has a market capitalization of $249.04, a P/E ratio of -0.96 and a beta of 2.43. Eastman Kodak has a 12-month low of $2.95 and a 12-month high of $15.30. The company has a debt-to-equity ratio of -3.44, a current ratio of 2.40 and a quick ratio of 1.64.

Separately, TheStreet cut Eastman Kodak from a “c-” rating to a “d” rating in a research report on Wednesday, November 29th.

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About Eastman Kodak

Eastman Kodak Company provides hardware, software, consumables, and services to customers in various markets worldwide. The company operates through seven segments: Print Systems; Micro 3D Printing and Packaging; Software and Solutions; Consumer and Film; Enterprise Inkjet Systems; Intellectual Property Solutions; and Eastman Business Park.

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