Quest Resource Holding Co. (NASDAQ:QRHC) Sees Significant Decline in Short Interest

Quest Resource Holding Co. (NASDAQ:QRHC - Get Free Report) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 15,400 shares, a decline of 24.9% from the March 31st total of 20,500 shares. Approximately 0.1% of the company's stock are sold short. Based on an average daily volume of 38,200 shares, the days-to-cover ratio is currently 0.4 days.

Insider Transactions at Quest Resource

In other news, major shareholder Wynnefield Partners Small Cap purchased 14,918 shares of the company's stock in a transaction on Wednesday, March 13th. The shares were purchased at an average cost of $6.94 per share, with a total value of $103,530.92. Following the completion of the transaction, the insider now owns 1,294,093 shares of the company's stock, valued at approximately $8,981,005.42. The transaction was disclosed in a filing with the SEC, which is available through this link. 23.59% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Quest Resource

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wynnefield Capital Inc. increased its holdings in shares of Quest Resource by 1.0% in the third quarter. Wynnefield Capital Inc. now owns 2,595,689 shares of the business services provider's stock valued at $19,208,000 after purchasing an additional 24,955 shares during the last quarter. First Eagle Investment Management LLC grew its stake in Quest Resource by 19.7% during the third quarter. First Eagle Investment Management LLC now owns 366,632 shares of the business services provider's stock worth $2,713,000 after buying an additional 60,396 shares in the last quarter. Ancora Advisors LLC acquired a new stake in Quest Resource during the third quarter worth about $283,000. Quadrature Capital Ltd acquired a new stake in Quest Resource during the third quarter worth about $77,000. Finally, Barclays PLC acquired a new stake in Quest Resource during the third quarter worth about $39,000. 48.16% of the stock is currently owned by institutional investors and hedge funds.

Quest Resource Stock Performance

NASDAQ QRHC traded up $0.26 on Friday, hitting $9.60. 49,425 shares of the stock were exchanged, compared to its average volume of 47,622. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.35 and a quick ratio of 1.35. The business's fifty day moving average is $8.00 and its 200 day moving average is $7.41. Quest Resource has a 52 week low of $5.01 and a 52 week high of $9.93. The company has a market capitalization of $193.63 million, a PE ratio of -27.43, a P/E/G ratio of 1.45 and a beta of 0.67.

Quest Resource (NASDAQ:QRHC - Get Free Report) last released its quarterly earnings data on Tuesday, March 12th. The business services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). Quest Resource had a negative net margin of 2.53% and a positive return on equity of 4.99%. The company had revenue of $69.34 million during the quarter, compared to analyst estimates of $74.10 million. Research analysts anticipate that Quest Resource will post 0.43 EPS for the current fiscal year.

About Quest Resource

Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. The company provides disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construction debris, as well as a large variety of regulated and non-regulated solid, liquid, and gas wastes.