Randstad Holding NV (OTCMKTS:RANJY) Short Interest Update

Key Points

• Short interest plunged 95% to 2,751 shares as of August 14, down from 55,217 shares on July 30. Short interest represented approximately 0.0% of outstanding shares, with a short-interest ratio of 0.2 days.
• Randstad shares traded at $23.20, near their 52-week high of $23.64, with the stock up substantially above its 50-day and 200-day moving averages. The company reported quarterly EPS of $0.36 and revenue of $6.73 billion, both slightly ahead of analyst estimates.
• Analyst sentiment remains cautious: six analysts rate the stock Hold and one rates it Sell, resulting in a consensus rating of “Reduce.”

Randstad Holding NV (OTCMKTS:RANJY - Get Free Report) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 2,751 shares, a decrease of 95.0% from the July 30th total of 55,217 shares. Based on an average daily trading volume, of 17,840 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Randstad Price Performance

OTCMKTS RANJY traded up $0.12 during trading hours on Tuesday, reaching $23.20. 3,285 shares of the company's stock were exchanged, compared to its average volume of 12,124. The stock has a market cap of $8.16 billion, a PE ratio of 15.28 and a beta of 0.94. Randstad has a one year low of $12.46 and a one year high of $23.64. The firm has a fifty day moving average of $19.05 and a 200-day moving average of $16.39. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.41.

Randstad (OTCMKTS:RANJY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.60 billion. Randstad had a return on equity of 11.76% and a net margin of 1.39%. On average, equities research analysts predict that Randstad will post 1.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on RANJY shares. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Randstad in a research note on Thursday, July 23rd. The Goldman Sachs Group reiterated a "neutral" rating on shares of Randstad in a research note on Friday, July 24th. Citigroup cut Randstad from a "buy" rating to a "neutral" rating in a report on Thursday, April 30th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Randstad in a report on Thursday, July 23rd. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce".

Randstad Company Profile

Randstad N.V. OTCMKTS: RANJY is a leading global provider of human resource services and workforce solutions. Headquartered in Diemen, Netherlands, the company specializes in connecting organizations with both temporary and permanent talent across a wide range of industries, including administrative, industrial, finance, engineering, healthcare and IT sectors.

The company's service offering encompasses staffing and recruitment, inhouse services, professional and executive search, and managed services such as recruitment process outsourcing (RPO) and workforce management.

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