Short Interest in Hudson Technologies, Inc. (NASDAQ:HDSN) Decreases By 12.8%

Hudson Technologies, Inc. (NASDAQ:HDSN) saw a significant decrease in short interest in August. As of August 15th, there was short interest totalling 1,230,000 shares, a decrease of 12.8% from the July 31st total of 1,410,000 shares. Based on an average daily trading volume, of 469,000 shares, the short-interest ratio is currently 2.6 days. Currently, 3.1% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HDSN shares. B. Riley cut their target price on shares of Hudson Technologies from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Craig Hallum dropped their price target on Hudson Technologies from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.60.

Hudson Technologies Stock Up 1.4 %

Shares of NASDAQ:HDSN traded up $0.11 during trading on Monday, reaching $8.22. 301,800 shares of the company traded hands, compared to its average volume of 473,825. The firm has a fifty day simple moving average of $8.41 and a 200 day simple moving average of $10.00. Hudson Technologies has a 1-year low of $6.94 and a 1-year high of $15.24. The firm has a market cap of $374.10 million, a P/E ratio of 8.39, a price-to-earnings-growth ratio of 0.47 and a beta of 1.26.

Hudson Technologies (NASDAQ:HDSN) last issued its earnings results on Tuesday, August 6th. The industrial products company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.05). The firm had revenue of $75.28 million during the quarter, compared to analysts’ expectations of $78.63 million. Hudson Technologies had a net margin of 14.00% and a return on equity of 16.65%. During the same quarter last year, the firm earned $0.41 EPS. As a group, research analysts anticipate that Hudson Technologies will post 0.58 EPS for the current year.

Insider Buying and Selling at Hudson Technologies

In other news, Director Vincent P. Abbatecola sold 10,000 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $9.20, for a total transaction of $92,000.00. Following the completion of the sale, the director now directly owns 159,341 shares of the company’s stock, valued at approximately $1,465,937.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 8.20% of the stock is owned by corporate insiders.

Institutional Trading of Hudson Technologies

A number of institutional investors have recently added to or reduced their stakes in HDSN. New South Capital Management Inc. acquired a new stake in shares of Hudson Technologies in the 2nd quarter valued at $11,564,000. Lazard Asset Management LLC bought a new stake in shares of Hudson Technologies during the 1st quarter worth about $4,549,000. Dimensional Fund Advisors LP boosted its stake in shares of Hudson Technologies by 22.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,019,067 shares of the industrial products company’s stock worth $17,747,000 after acquiring an additional 364,117 shares in the last quarter. Foundry Partners LLC increased its holdings in shares of Hudson Technologies by 81.0% during the 1st quarter. Foundry Partners LLC now owns 676,098 shares of the industrial products company’s stock valued at $7,444,000 after acquiring an additional 302,529 shares during the last quarter. Finally, Sixth Street Partners Management Company L.P. raised its stake in shares of Hudson Technologies by 30.0% in the 2nd quarter. Sixth Street Partners Management Company L.P. now owns 1,300,000 shares of the industrial products company’s stock valued at $11,427,000 after acquiring an additional 300,000 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

About Hudson Technologies

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.