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

Quest Resource Holding Co. (NASDAQ:QRHC) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 474,100 shares, an increase of 19.7% from the March 15th total of 396,000 shares. Approximately 2.9% of the company’s shares are short sold. Based on an average daily volume of 84,300 shares, the days-to-cover ratio is currently 5.6 days.

Analyst Ratings Changes

Several equities research analysts have commented on QRHC shares. StockNews.com cut shares of Quest Resource from a “hold” rating to a “sell” rating in a research report on Thursday, March 13th. Northland Securities set a $6.50 price objective on Quest Resource in a research note on Thursday, March 13th.

Quest Resource Trading Up 3.3 %

QRHC stock opened at $2.32 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a market cap of $47.89 million, a price-to-earnings ratio of -6.28, a price-to-earnings-growth ratio of 0.76 and a beta of 0.47. The company has a fifty day moving average price of $3.35 and a two-hundred day moving average price of $5.60. Quest Resource has a one year low of $1.91 and a one year high of $10.85.

Quest Resource (NASDAQ:QRHC) last released its quarterly earnings data on Wednesday, March 12th. The business services provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). Quest Resource had a negative net margin of 2.74% and a positive return on equity of 3.11%. The business had revenue of $69.97 million during the quarter, compared to the consensus estimate of $73.63 million. Equities analysts anticipate that Quest Resource will post 0.09 EPS for the current year.

Insider Activity at Quest Resource

In other news, CEO Perry W. Moss purchased 16,338 shares of Quest Resource stock in a transaction on Monday, March 17th. The stock was purchased at an average price of $3.01 per share, with a total value of $49,177.38. Following the transaction, the chief executive officer now directly owns 257,933 shares in the company, valued at $776,378.33. The trade was a 6.76 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last 90 days, insiders bought 23,912 shares of company stock worth $71,046. 22.84% of the stock is currently owned by company insiders.

Institutional Trading of Quest Resource

A number of hedge funds have recently bought and sold shares of QRHC. State Street Corp increased its stake in shares of Quest Resource by 2.5% during the 3rd quarter. State Street Corp now owns 175,345 shares of the business services provider’s stock worth $1,399,000 after purchasing an additional 4,235 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Quest Resource during the 3rd quarter worth $116,000. Barclays PLC raised its stake in Quest Resource by 44.9% in the 3rd quarter. Barclays PLC now owns 26,463 shares of the business services provider’s stock valued at $211,000 after acquiring an additional 8,203 shares during the period. Geode Capital Management LLC raised its position in shares of Quest Resource by 1.1% in the third quarter. Geode Capital Management LLC now owns 352,670 shares of the business services provider’s stock valued at $2,815,000 after purchasing an additional 3,731 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Quest Resource by 193.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,693 shares of the business services provider’s stock valued at $189,000 after buying an additional 15,628 shares in the last quarter. 48.16% of the stock is currently owned by institutional investors.

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.