Short Interest in Randstad Holding NV (OTCMKTS:RANJY) Rises By 36.4%

Key Points

• Randstad Holding NV experienced a significant increase in short interest in August, rising by 36.4% to a total of 4,500 shares.
• Despite having a market cap of $7.66 billion, Randstad reported a quarterly earnings miss with EPS of $0.27, falling short of the $0.35 consensus estimate.
• Analyst ratings for Randstad show mixed sentiment, with Citigroup upgrading to "strong-buy" while Morgan Stanley downgraded to "underweight," leading to a consensus rating of "Moderate Buy."

Randstad Holding NV (OTCMKTS:RANJY - Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 4,500 shares, an increase of 36.4% from the August 15th total of 3,300 shares. Based on an average daily trading volume, of 7,100 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,100 shares, the days-to-cover ratio is currently 0.6 days.

Randstad Price Performance

Shares of OTCMKTS:RANJY traded down $0.24 during trading on Friday, hitting $20.53. 12,064 shares of the stock were exchanged, compared to its average volume of 4,818. The company has a fifty day moving average price of $23.42 and a two-hundred day moving average price of $22.01. The company has a market cap of $7.43 billion, a PE ratio of 85.53 and a beta of 1.03. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.54. Randstad has a 12-month low of $17.14 and a 12-month high of $25.50.

Randstad (OTCMKTS:RANJY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.08). The firm had revenue of $6.79 billion during the quarter, compared to analysts' expectations of $5.78 billion. Randstad had a net margin of 0.37% and a return on equity of 8.81%. On average, analysts forecast that Randstad will post 1.63 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Kepler Capital Markets cut shares of Randstad from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Citigroup raised Randstad from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 29th. Finally, Morgan Stanley cut Randstad from an "equal weight" rating to an "underweight" rating in a report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

About Randstad

Randstad N.V. provides solutions in the field of work and human resources (HR) services. The company provides temporary staffing and permanent placement services; job posting; and résumé services on digital platforms. It offers inhouse, enterprise and digital, and tech suite services. In addition, the company provides managed services programs, recruitment process outsourcing, outplacement and career development, and online talent acquisition.