Randstad Holding NV (OTCMKTS:RANJY) Shares Shorted: Short Interest Down 45.6% in October

Key Points

• Randstad’s short interest fell 45.6% in October to 2,100 shares, representing approximately 0.0% of shares outstanding. The stock’s days-to-cover ratio was just 0.2 days.
• Shares traded at $22.71, near the company’s 52-week high of $23.51, with a market capitalization of approximately $7.99 billion. Randstad reported quarterly EPS and revenue in line with analyst expectations at $0.43 and $6.86 billion, respectively.
• Analyst sentiment remained cautious: five analysts rated the stock Hold and one rated it Sell, resulting in MarketBeat’s overall average rating of “Reduce.”

Randstad Holding NV (OTCMKTS:RANJY - Get Free Report) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 2,100 shares, a decrease of 45.6% from the September 30th total of 3,861 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 11,925 shares, the days-to-cover ratio is presently 0.2 days.

Randstad Stock Performance

Randstad stock traded up $0.30 during mid-day trading on Friday, reaching $22.71. 2,517 shares of the company's stock were exchanged, compared to its average volume of 5,336. The business's fifty day simple moving average is $21.28 and its 200 day simple moving average is $17.61. The firm has a market capitalization of $7.99 billion, a PE ratio of 20.44 and a beta of 0.96. Randstad has a one year low of $12.46 and a one year high of $23.51. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.41.

Randstad (OTCMKTS:RANJY - Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The business services provider reported $0.43 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.43. The firm had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.86 billion. Randstad had a return on equity of 12.12% and a net margin of 1.49%. On average, sell-side analysts expect that Randstad will post 1.48 earnings per share for the current year.

Analyst Ratings Changes

RANJY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Randstad in a report on Wednesday, September 9th. Citigroup reiterated a "neutral" rating on shares of Randstad in a report on Friday, September 25th. The Goldman Sachs Group reissued a "neutral" rating on shares of Randstad in a research report on Friday, July 24th. Zacks Research upgraded shares of Randstad from a "strong sell" rating to a "hold" rating in a report on Friday, October 23rd. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Randstad in a research report on Thursday, October 22nd. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Randstad presently has an average rating of "Reduce".

Randstad Company Profile

Randstad N.V. is a Netherlands-based human resources services company that connects employers with temporary, permanent and project-based workers. Its services cover recruitment, staffing, workforce management and talent development across a range of industries and professional fields.

The company provides temporary staffing, permanent placement, in-house staffing and recruitment process outsourcing services. It also offers specialized support for professionals and executive search, as well as career transition, outplacement and other workforce-related solutions.

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