Short Interest in Hudson Technologies, Inc. (NASDAQ:HDSN) Drops By 9.0%

by · The Cerbat Gem

Hudson Technologies, Inc. (NASDAQ:HDSN – Get Free Report) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 806,000 shares, a decline of 9.0% from the September 30th total of 886,000 shares. Approximately 2.0% of the shares of the stock are short sold. Based on an average trading volume of 405,600 shares, the days-to-cover ratio is presently 2.0 days.

Hudson Technologies Price Performance

Shares of Hudson Technologies stock traded up $0.04 on Thursday, hitting $7.67. 395,989 shares of the company’s stock traded hands, compared to its average volume of 455,219. The firm’s 50-day moving average price is $8.02 and its two-hundred day moving average price is $8.68. The stock has a market capitalization of $349.15 million, a PE ratio of 9.96, a price-to-earnings-growth ratio of 0.46 and a beta of 1.20. Hudson Technologies has a one year low of $6.94 and a one year high of $15.24.

Hudson Technologies (NASDAQ:HDSN – Get Free Report) last issued its earnings results on Tuesday, August 6th. The industrial products company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.05). The business had revenue of $75.28 million for the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $0.41 EPS. On average, analysts forecast that Hudson Technologies will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HDSN shares. Craig Hallum reduced their price objective on Hudson Technologies from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. B. Riley downgraded Hudson Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $10.00 to $8.50 in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $10.30.

Read Our Latest Report on HDSN

Institutional Trading of Hudson Technologies

A number of large investors have recently made changes to their positions in the company. Ballentine Partners LLC bought a new stake in shares of Hudson Technologies in the 3rd quarter valued at $247,000. Koss Olinger Consulting LLC increased its position in shares of Hudson Technologies by 3.6% in the 3rd quarter. Koss Olinger Consulting LLC now owns 44,003 shares of the industrial products company’s stock valued at $367,000 after buying an additional 1,513 shares in the last quarter. Bleakley Financial Group LLC bought a new stake in shares of Hudson Technologies in the 3rd quarter valued at $96,000. nVerses Capital LLC bought a new stake in shares of Hudson Technologies in the 3rd quarter valued at $28,000. Finally, Creative Planning bought a new stake in shares of Hudson Technologies in the 3rd quarter valued at $106,000. Institutional investors own 71.34% of the company’s stock.

About Hudson Technologies

(Get Free Report)

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.

Recommended Stories