Short Interest in Hudson Technologies, Inc. (NASDAQ:HDSN) Rises By 9.1%

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 992,600 shares, a growth of 9.1% from the March 15th total of 909,900 shares. Based on an average trading volume of 467,600 shares, the short-interest ratio is currently 2.1 days. Currently, 2.5% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, B. Riley lowered their price target on shares of Hudson Technologies from $17.00 to $16.00 and set a "buy" rating for the company in a report on Thursday, March 7th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nuveen Asset Management LLC raised its holdings in shares of Hudson Technologies by 0.7% in the 4th quarter. Nuveen Asset Management LLC now owns 115,574 shares of the industrial products company's stock valued at $1,559,000 after purchasing an additional 800 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Hudson Technologies by 6.9% during the fourth quarter. Lazard Asset Management LLC now owns 15,908 shares of the industrial products company's stock worth $160,000 after buying an additional 1,022 shares during the period. State of Wyoming increased its holdings in shares of Hudson Technologies by 6.5% in the 4th quarter. State of Wyoming now owns 18,845 shares of the industrial products company's stock valued at $191,000 after acquiring an additional 1,149 shares during the period. Metropolitan Life Insurance Co NY raised its position in shares of Hudson Technologies by 140.1% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 2,677 shares of the industrial products company's stock worth $27,000 after acquiring an additional 1,562 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Hudson Technologies by 7.1% during the 4th quarter. JPMorgan Chase & Co. now owns 25,251 shares of the industrial products company's stock worth $256,000 after purchasing an additional 1,681 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Hudson Technologies Stock Performance

Hudson Technologies stock traded down $0.08 during mid-day trading on Monday, hitting $10.19. The company's stock had a trading volume of 327,456 shares, compared to its average volume of 460,945. The stock has a market cap of $463.75 million, a PE ratio of 9.18, a P/E/G ratio of 0.35 and a beta of 0.91. Hudson Technologies has a one year low of $7.21 and a one year high of $15.24. The company has a 50 day moving average of $12.62 and a 200-day moving average of $12.80.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its quarterly earnings data on Wednesday, March 6th. The industrial products company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. Hudson Technologies had a return on equity of 25.57% and a net margin of 18.08%. The company had revenue of $44.86 million for the quarter, compared to the consensus estimate of $39.72 million. On average, equities research analysts forecast that Hudson Technologies will post 0.98 EPS for the current fiscal year.

About Hudson Technologies

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.