Short Interest in Quest Resource Holding Corporation. (NASDAQ:QRHC) Grows By 14.7%

Quest Resource Holding Corporation. (NASDAQ:QRHC) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 59,570 shares, a growth of 14.7% from the February 12th total of 51,933 shares. Based on an average daily trading volume, of 16,946 shares, the short-interest ratio is presently 3.5 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,946 shares, the short-interest ratio is presently 3.5 days.

Quest Resource Stock Up 1.9%

QRHC stock opened at $0.88 on Thursday. The firm has a market cap of $18.44 million, a PE ratio of -1.21 and a beta of 0.17. Quest Resource has a 12 month low of $0.84 and a 12 month high of $3.12. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.30 and a quick ratio of 1.32. The firm has a 50 day simple moving average of $1.85 and a 200 day simple moving average of $1.75.

Quest Resource (NASDAQ:QRHC) last posted its quarterly earnings results on Thursday, March 12th. The business services provider reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.09). Quest Resource had a negative net margin of 6.15% and a negative return on equity of 14.18%. The company had revenue of $58.91 million during the quarter, compared to the consensus estimate of $61.21 million. Equities research analysts forecast that Quest Resource will post 0.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Quest Resource to a “hold” rating in a research note on Saturday, January 10th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Quest Resource has an average rating of “Reduce” and a consensus price target of $2.25.

Institutional Investors Weigh In On Quest Resource

Institutional investors and hedge funds have recently modified their holdings of the stock. Greenhaven Road Investment Management L.P. lifted its holdings in shares of Quest Resource by 137.2% during the third quarter. Greenhaven Road Investment Management L.P. now owns 30,777 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 17,801 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in Quest Resource in the 2nd quarter worth about $50,000. Jane Street Group LLC increased its stake in Quest Resource by 91.4% in the 4th quarter. Jane Street Group LLC now owns 27,233 shares of the business services provider’s stock worth $51,000 after purchasing an additional 13,004 shares in the last quarter. Bank of America Corp DE raised its holdings in Quest Resource by 36.5% during the 4th quarter. Bank of America Corp DE now owns 15,356 shares of the business services provider’s stock worth $100,000 after buying an additional 4,104 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in Quest Resource by 22.8% during the first quarter. Goldman Sachs Group Inc. now owns 51,990 shares of the business services provider’s stock valued at $135,000 after buying an additional 9,647 shares in the last quarter. 48.16% of the stock is owned by institutional investors and hedge funds.

Quest Resource Company Profile

Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. The company provides disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construction debris, as well as a large variety of regulated and non-regulated solid, liquid, and gas wastes.