Quest Resource Holding Corporation. (NASDAQ:QRHC) Short Interest Update

Quest Resource Holding Corporation. (NASDAQ:QRHC) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 88,637 shares, a decrease of 41.0% from the December 31st total of 150,323 shares. Based on an average daily volume of 42,107 shares, the short-interest ratio is currently 2.1 days. Approximately 0.6% of the shares of the company are short sold. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 42,107 shares, the short-interest ratio is currently 2.1 days.

Quest Resource Price Performance

QRHC stock traded down $0.05 during mid-day trading on Friday, reaching $2.11. 8,871 shares of the company traded hands, compared to its average volume of 42,004. The company has a fifty day moving average price of $2.02 and a 200-day moving average price of $1.80. The company has a market capitalization of $44.04 million, a P/E ratio of -1.90 and a beta of 0.14. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.32 and a quick ratio of 1.32. Quest Resource has a 52-week low of $1.11 and a 52-week high of $5.97.

Quest Resource (NASDAQ:QRHC) last announced its quarterly earnings data on Monday, November 10th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). Quest Resource had a negative net margin of 8.89% and a negative return on equity of 12.96%. The business had revenue of $63.34 million during the quarter, compared to analysts’ expectations of $59.83 million. As a group, analysts anticipate that Quest Resource will post 0.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on QRHC. Weiss Ratings reiterated a “sell (e+)” rating on shares of Quest Resource in a research report on Wednesday, October 8th. Wall Street Zen raised Quest Resource to a “hold” rating in a research report on Saturday, January 10th. Finally, Zacks Research upgraded Quest Resource from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $2.25.

Institutional Trading of Quest Resource

Several institutional investors have recently made changes to their positions in the business. Kennedy Capital Management LLC raised its position in Quest Resource by 52.5% in the 2nd quarter. Kennedy Capital Management LLC now owns 311,289 shares of the business services provider’s stock worth $629,000 after purchasing an additional 107,107 shares during the period. Mink Brook Asset Management LLC raised its position in Quest Resource by 52.0% during the 3rd quarter. Mink Brook Asset Management LLC now owns 304,418 shares of the business services provider’s stock worth $475,000 after buying an additional 104,085 shares during the last quarter. Truist Financial Corp grew its holdings in Quest Resource by 11.8% during the third quarter. Truist Financial Corp now owns 276,222 shares of the business services provider’s stock worth $431,000 after acquiring an additional 29,253 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Quest Resource during the 2nd quarter valued at about $156,000. Finally, Jane Street Group LLC acquired a new stake in Quest Resource in the 2nd quarter valued at $125,000. Hedge funds and other institutional investors own 48.16% of the company’s stock.

Quest Resource Company Profile

Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. The company provides disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construction debris, as well as a large variety of regulated and non-regulated solid, liquid, and gas wastes.