Hudson Global, Inc. (NASDAQ:HSON) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 5,800 shares, a growth of 141.7% from the December 15th total of 2,400 shares. Based on an average daily trading volume, of 22,900 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HSON. Geode Capital Management LLC increased its holdings in shares of Hudson Global by 13.9% during the third quarter. Geode Capital Management LLC now owns 11,495 shares of the business services provider's stock valued at $182,000 after acquiring an additional 1,399 shares in the last quarter. State Street Corp bought a new stake in shares of Hudson Global during the second quarter valued at approximately $210,000. SG Capital Management LLC bought a new stake in shares of Hudson Global during the third quarter valued at approximately $222,000. HighTower Advisors LLC bought a new stake in shares of Hudson Global during the third quarter valued at approximately $610,000. Finally, Renaissance Technologies LLC boosted its position in shares of Hudson Global by 2.6% during the third quarter. Renaissance Technologies LLC now owns 105,765 shares of the business services provider's stock valued at $1,684,000 after buying an additional 2,700 shares during the last quarter. Hedge funds and other institutional investors own 64.42% of the company's stock.
Shares of HSON opened at $26.86 on Friday. Hudson Global has a 1 year low of $11.01 and a 1 year high of $30.99. The company has a market capitalization of $72.79 million, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 0.64 and a beta of 0.38. The business has a 50-day moving average of $27.00 and a 200-day moving average of $20.59.
Hudson Global (NASDAQ:HSON) last issued its earnings results on Friday, November 5th. The business services provider reported $0.49 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.45 by $0.04. The business had revenue of $45.01 million during the quarter, compared to the consensus estimate of $40.35 million. Hudson Global had a return on equity of 10.27% and a net margin of 1.62%. During the same period in the previous year, the company posted ($0.38) earnings per share. On average, research analysts predict that Hudson Global will post 1.48 EPS for the current fiscal year.
Several research firms recently weighed in on HSON. TheStreet raised Hudson Global from a "c" rating to a "b" rating in a research note on Friday, November 5th. Zacks Investment Research lowered Hudson Global from a "strong-buy" rating to a "hold" rating in a research note on Tuesday.
About Hudson Global
Hudson Global, Inc is a talent solutions company, which engages in the provision of recruitment outsourcing and total talent solutions to organizations. It operates through the following segments: Americas, Asia Pacific, and Europe. Its services include permanent recruitment, contracting, recruitment process outsourcing, and talent management solutions.
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