Hudson Technologies, Inc. (NASDAQ:HDSN) Short Interest Update

Hudson Technologies, Inc. (NASDAQ:HDSN) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 762,900 shares, a growth of 28.0% from the February 28th total of 595,900 shares. Based on an average daily trading volume, of 422,800 shares, the days-to-cover ratio is presently 1.8 days. Approximately 2.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their target price on Hudson Technologies from $8.00 to $6.25 and set a “hold” rating on the stock in a research report on Monday, March 10th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $7.50.

Hudson Technologies Trading Down 0.2 %

HDSN stock opened at $6.17 on Tuesday. The firm’s 50-day moving average is $5.87 and its two-hundred day moving average is $6.39. The company has a market capitalization of $271.63 million, a price-to-earnings ratio of 9.49, a price-to-earnings-growth ratio of 0.49 and a beta of 1.12. Hudson Technologies has a 52 week low of $5.17 and a 52 week high of $11.49.

Institutional Investors Weigh In On Hudson Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HDSN. FMR LLC increased its position in shares of Hudson Technologies by 299.8% during the 3rd quarter. FMR LLC now owns 4,670 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 3,502 shares during the period. Quarry LP grew its holdings in Hudson Technologies by 901.1% during the third quarter. Quarry LP now owns 4,675 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 4,208 shares during the period. State of Wyoming bought a new stake in Hudson Technologies in the fourth quarter worth about $53,000. RPO LLC acquired a new stake in Hudson Technologies in the 4th quarter valued at about $62,000. Finally, ProShare Advisors LLC bought a new position in shares of Hudson Technologies during the 4th quarter valued at about $70,000. Institutional investors own 71.34% of the company’s stock.

Hudson Technologies Company Profile

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.