Short Interest in Staffing 360 Solutions, Inc. (NASDAQ:STAF) Increases By 5,362.5%

Staffing 360 Solutions, Inc. (NASDAQ:STAF) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 43,700 shares, a growth of 5,362.5% from the October 15th total of 800 shares. Approximately 6.8% of the company’s stock are short sold. Based on an average daily volume of 3,070,000 shares, the short-interest ratio is currently 0.0 days.

Staffing 360 Solutions Stock Down 4.8 %

STAF opened at $2.60 on Wednesday. Staffing 360 Solutions has a fifty-two week low of $1.08 and a fifty-two week high of $5.69. The business has a 50-day moving average of $1.76 and a 200-day moving average of $2.24.

Staffing 360 Solutions (NASDAQ:STAF) last posted its quarterly earnings results on Monday, August 12th. The business services provider reported ($3.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($2.63). The firm had revenue of $44.18 million during the quarter, compared to the consensus estimate of $45.81 million. As a group, sell-side analysts anticipate that Staffing 360 Solutions will post -5.87 EPS for the current fiscal year.

About Staffing 360 Solutions

Staffing 360 Solutions, Inc, a staffing company, engages in the acquisition of staffing companies in the United States and the United Kingdom. It provides temporary contractors, and permanent placement services. The company focuses primarily on the staffing companies supporting accounting and finance, information technology, engineering, administration, and commercial disciplines.