Short Interest in Hudson Global, Inc. (NASDAQ:HSON) Decreases By 37.3%

Hudson Global, Inc. (NASDAQ:HSON) was the target of a significant decline in short interest in May. As of May 31st, there was short interest totalling 3,200 shares, a decline of 37.3% from the May 15th total of 5,100 shares. Based on an average trading volume of 5,000 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Hudson Global

A number of institutional investors have recently made changes to their positions in the company. Mink Brook Asset Management LLC grew its holdings in shares of Hudson Global by 1.6% during the first quarter. Mink Brook Asset Management LLC now owns 265,257 shares of the business services provider’s stock valued at $2,830,000 after buying an additional 4,214 shares during the last quarter. Manatuck Hill Partners LLC lifted its position in Hudson Global by 33.3% during the fourth quarter. Manatuck Hill Partners LLC now owns 60,000 shares of the business services provider’s stock valued at $783,000 after purchasing an additional 15,000 shares during the period. Finally, Northern Trust Corp bought a new position in Hudson Global during the fourth quarter valued at approximately $166,000. Hedge funds and other institutional investors own 47.23% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen began coverage on Hudson Global in a report on Wednesday, May 21st. They issued a “hold” rating on the stock.

Hudson Global Trading Down 0.2%

Hudson Global stock traded down $0.02 during mid-day trading on Tuesday, hitting $8.45. The company had a trading volume of 8,792 shares, compared to its average volume of 8,504. The stock’s 50 day moving average price is $9.47 and its two-hundred day moving average price is $11.29. Hudson Global has a 12 month low of $8.37 and a 12 month high of $19.70. The company has a market capitalization of $23.23 million, a PE ratio of -7.34, a price-to-earnings-growth ratio of 0.37 and a beta of 0.39.

Hudson Global (NASDAQ:HSON) last posted its quarterly earnings results on Tuesday, May 13th. The business services provider reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.52). Hudson Global had a negative net margin of 2.46% and a negative return on equity of 5.22%. The firm had revenue of $31.87 million for the quarter, compared to analysts’ expectations of $32.35 million. Equities research analysts anticipate that Hudson Global will post -0.87 EPS for the current 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.