Randstad Holding NV (OTCMKTS:RANJY) Sees Large Increase in Short Interest

Key Points

• Short interest surged 5,500.1% to 55,217 shares as of July 31, up from 986 shares two weeks earlier. Despite the increase, short interest represented approximately 0.0% of outstanding shares, with a 0.7-day short-interest ratio.
• Analyst sentiment remained cautious: six analysts rated Randstad “Hold” and one rated it “Sell,” resulting in a consensus rating of “Reduce.”
• Randstad reported quarterly earnings of $0.36 per share, beating estimates by $0.01, while revenue of $6.73 billion exceeded expectations. Shares were trading at $22.70, near the upper end of their 12-month range of $12.46 to $24.38.

Randstad Holding NV (OTCMKTS:RANJY - Get Free Report) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 55,217 shares, a growth of 5,500.1% from the July 15th total of 986 shares. Based on an average trading volume of 79,143 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the company's stock are short sold.

Analyst Upgrades and Downgrades

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

Randstad Price Performance

Randstad stock remained flat at $22.70 during mid-day trading on Tuesday. 32,358 shares of the company's stock were exchanged, compared to its average volume of 53,135. The business's 50-day simple moving average is $17.48 and its 200-day simple moving average is $15.96. Randstad has a 12 month low of $12.46 and a 12 month high of $24.38. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $7.99 billion, a P/E ratio of 22.02 and a beta of 0.94.

Randstad (OTCMKTS:RANJY - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.01. The business had revenue of $6.73 billion for the quarter, compared to analysts' expectations of $6.60 billion. Randstad had a return on equity of 11.78% and a net margin of 1.39%. On average, equities analysts forecast that Randstad will post 1.8 EPS for the current fiscal year.

About Randstad

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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