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Heritage-Crystal Clean, Inc (NASDAQ:HCCI) Short Interest Down 23.8% in October

Last updated on Saturday, November 21, 2020 | 2020 MarketBeat

Heritage-Crystal Clean, Inc (NASDAQ:HCCI) saw a significant decrease in short interest in October. As of October 30th, there was short interest totalling 171,600 shares, a decrease of 23.8% from the October 15th total of 225,300 shares. Based on an average daily trading volume, of 59,600 shares, the short-interest ratio is currently 2.9 days. Approximately 1.1% of the company's shares are sold short.

Shares of Heritage-Crystal Clean stock traded down $0.13 on Friday, reaching $21.00. The company's stock had a trading volume of 78,636 shares, compared to its average volume of 55,954. Heritage-Crystal Clean has a 52 week low of $11.30 and a 52 week high of $32.58. The firm's fifty day simple moving average is $16.61 and its two-hundred day simple moving average is $16.11. The company has a quick ratio of 1.53, a current ratio of 1.87 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $503.85 million, a price-to-earnings ratio of 105.00, a P/E/G ratio of 4.28 and a beta of 1.38.

Heritage-Crystal Clean (NASDAQ:HCCI) last released its quarterly earnings data on Monday, October 19th. The industrial products company reported $0.18 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.33. Heritage-Crystal Clean had a return on equity of 3.29% and a net margin of 1.08%. As a group, research analysts predict that Heritage-Crystal Clean will post 0.27 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC lifted its holdings in Heritage-Crystal Clean by 131.6% in the 1st quarter. FMR LLC now owns 785,000 shares of the industrial products company's stock worth $21,548,000 after purchasing an additional 446,000 shares in the last quarter. Cannell Capital LLC raised its position in shares of Heritage-Crystal Clean by 68.0% during the third quarter. Cannell Capital LLC now owns 833,117 shares of the industrial products company's stock valued at $11,122,000 after buying an additional 337,106 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Heritage-Crystal Clean by 8.9% in the third quarter. ArrowMark Colorado Holdings LLC now owns 3,151,336 shares of the industrial products company's stock worth $42,070,000 after buying an additional 258,558 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Heritage-Crystal Clean during the second quarter worth $1,390,000. Finally, Boothbay Fund Management LLC bought a new position in shares of Heritage-Crystal Clean during the third quarter worth $496,000. 63.05% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on the stock. BidaskClub raised shares of Heritage-Crystal Clean from a "sell" rating to a "hold" rating in a research note on Friday, October 16th. Stifel Nicolaus raised shares of Heritage-Crystal Clean from a "hold" rating to a "buy" rating and increased their price target for the stock from $17.00 to $21.00 in a research note on Monday, October 19th. Needham & Company LLC decreased their price target on shares of Heritage-Crystal Clean from $20.00 to $19.00 and set a "buy" rating for the company in a research note on Friday, July 24th. ValuEngine raised shares of Heritage-Crystal Clean from a "hold" rating to a "buy" rating in a research note on Tuesday, November 10th. Finally, Zacks Investment Research downgraded shares of Heritage-Crystal Clean from a "buy" rating to a "hold" rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of "Buy" and a consensus price target of $22.50.

Heritage-Crystal Clean Company Profile

Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, hazardous and non-hazardous waste, and used oil collection services to small and mid-sized customers in the industrial and vehicle maintenance services industries in North America. It operates in two segments, Environmental Services and Oil Business.

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