Short Interest in Hudson Global, Inc. (NASDAQ:HSON) Rises By 90.5%

Hudson Global, Inc. (NASDAQ:HSON) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 8,000 shares, an increase of 90.5% from the June 30th total of 4,200 shares. Based on an average daily volume of 7,500 shares, the short-interest ratio is presently 1.1 days. Currently, 0.4% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Hudson Global in a research report on Wednesday. They set a “strong-buy” rating for the company.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Hudson Global stock. Victory Capital Management Inc. acquired a new stake in Hudson Global, Inc. (NASDAQ:HSON) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,263 shares of the business services provider’s stock, valued at approximately $51,000. Victory Capital Management Inc. owned approximately 0.12% of Hudson Global at the end of the most recent reporting period. Institutional investors and hedge funds own 47.23% of the company’s stock.

Hudson Global Price Performance

HSON stock remained flat at $18.01 during midday trading on Friday. The company’s stock had a trading volume of 14,716 shares, compared to its average volume of 15,148. The stock has a market cap of $49.53 million, a price-to-earnings ratio of -48.68 and a beta of 0.55. Hudson Global has a twelve month low of $13.38 and a twelve month high of $23.32. The company’s 50-day moving average price is $16.69 and its two-hundred day moving average price is $16.13.

Hudson Global (NASDAQ:HSON) last released its quarterly earnings data on Friday, May 10th. The business services provider reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.98). Hudson Global had a negative net margin of 0.69% and a negative return on equity of 0.36%. The company had revenue of $33.89 million during the quarter, compared to analysts’ expectations of $34.80 million. On average, equities research analysts predict that Hudson Global will post -0.14 earnings per share for the current fiscal year.

Hudson Global Company Profile

Hudson Global, Inc provides talent solutions for mid-to-large-cap multinational companies and government agencies under the Hudson RPO brand in the Americas, the Asia Pacific, and Europe. It offers recruitment process outsourcing (RPO) services, such as recruitment outsourcing, project-based outsourcing, contingent workforce solutions, and recruitment consulting for clients' permanent staff hires; and RPO contracting services, including outsourced professional contract staffing and managed services.