Hudson Global, Inc. (NASDAQ:HSON) Short Interest Update

Hudson Global, Inc. (NASDAQ:HSON) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 7,900 shares, a decrease of 26.9% from the March 15th total of 10,800 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 3,300 shares, the short-interest ratio is currently 2.4 days.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Hudson Global in a research report on Friday, April 11th. They issued a “hold” rating for the company.

Hudson Global Stock Performance

Shares of HSON opened at $9.90 on Friday. Hudson Global has a fifty-two week low of $8.95 and a fifty-two week high of $19.70. The business has a 50-day moving average of $10.60 and a 200 day moving average of $12.95. The firm has a market cap of $27.22 million, a P/E ratio of -8.60, a price-to-earnings-growth ratio of 0.37 and a beta of 0.44.

Hudson Global (NASDAQ:HSON) last issued its earnings results on Friday, March 14th. The business services provider reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Hudson Global had a negative net margin of 2.46% and a negative return on equity of 5.22%. The firm had revenue of $33.60 million during the quarter, compared to analyst estimates of $37.17 million. During the same quarter last year, the business earned $0.04 earnings per share. As a group, research analysts predict that Hudson Global will post -0.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HSON. Northern Trust Corp purchased a new stake in shares of Hudson Global during the fourth quarter worth $166,000. Mink Brook Asset Management LLC bought a new stake in shares of Hudson Global during the 4th quarter valued at $3,407,000. Finally, Manatuck Hill Partners LLC lifted its holdings in Hudson Global by 33.3% during the 4th quarter. Manatuck Hill Partners LLC now owns 60,000 shares of the business services provider’s stock worth $783,000 after purchasing an additional 15,000 shares in the last quarter. 47.23% of the stock is currently owned by hedge funds and other institutional investors.

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.