Staffing 360 Solutions, Inc. (NASDAQ:STAF) Short Interest Update

Staffing 360 Solutions, Inc. (NASDAQ:STAF) was the recipient of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 63,900 shares, a growth of 20.1% from the May 15th total of 53,200 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily volume of 55,000 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On Staffing 360 Solutions

A hedge fund recently bought a new stake in Staffing 360 Solutions stock. Armistice Capital LLC acquired a new position in Staffing 360 Solutions, Inc. (NASDAQ:STAF) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 358,830 shares of the business services provider’s stock, valued at approximately $244,000. Armistice Capital LLC owned approximately 6.41% of Staffing 360 Solutions as of its most recent SEC filing. 15.19% of the stock is currently owned by hedge funds and other institutional investors.

Staffing 360 Solutions Price Performance

STAF stock remained flat at $0.28 during trading on Friday. 39,260 shares of the company traded hands, compared to its average volume of 88,446. Staffing 360 Solutions has a 52 week low of $0.23 and a 52 week high of $1.02. The firm has a 50-day moving average of $0.31 and a 200 day moving average of $0.34. The stock has a market cap of $1.79 million, a price-to-earnings ratio of -0.03 and a beta of 0.60. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.59 and a quick ratio of 0.59.

About Staffing 360 Solutions

Staffing 360 Solutions, Inc, a staffing company, engages in the acquisition of staffing companies in the United States and the United Kingdom. It provides temporary contractors, and permanent placement services. The company focuses primarily on the staffing companies supporting accounting and finance, information technology, engineering, administration, and commercial disciplines.