Resources Connection, Inc. (NASDAQ:RGP) Short Interest Down 18.4% in December

Resources Connection, Inc. (NASDAQ:RGP) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totalling 840,100 shares, a decrease of 18.4% from the December 15th total of 1,030,000 shares. Based on an average daily trading volume, of 353,300 shares, the days-to-cover ratio is currently 2.4 days. Currently, 2.6% of the shares of the stock are short sold.

Institutional Trading of Resources Connection

A number of large investors have recently made changes to their positions in RGP. Sanctuary Advisors LLC acquired a new stake in shares of Resources Connection during the 3rd quarter worth about $115,000. Barclays PLC boosted its position in Resources Connection by 194.4% during the third quarter. Barclays PLC now owns 48,280 shares of the company’s stock worth $468,000 after acquiring an additional 31,879 shares during the last quarter. Arete Wealth Advisors LLC grew its stake in Resources Connection by 32.8% in the 3rd quarter. Arete Wealth Advisors LLC now owns 17,877 shares of the company’s stock worth $173,000 after acquiring an additional 4,418 shares during the period. Geode Capital Management LLC grew its stake in Resources Connection by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 784,529 shares of the company’s stock worth $7,611,000 after acquiring an additional 23,943 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in Resources Connection by 7.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,957 shares of the company’s stock valued at $514,000 after acquiring an additional 3,665 shares during the last quarter. Institutional investors and hedge funds own 93.23% of the company’s stock.

Resources Connection Stock Performance

Shares of NASDAQ:RGP opened at $8.56 on Friday. The business’s fifty day moving average price is $8.50 and its two-hundred day moving average price is $9.32. The stock has a market cap of $283.25 million, a PE ratio of -4.60 and a beta of 0.66. Resources Connection has a one year low of $7.90 and a one year high of $14.29.

Resources Connection Company Profile

Resources Connection, Inc provides consulting services to business customers under the Resources Global Professionals name in North America, Europe, and the Asia Pacific. The company offers services in the areas of transactions, including integration and divestitures, bankruptcy/restructuring, going public readiness and support, financial process optimization, and system implementation; and regulations, such as accounting regulations, internal audit and compliance, data privacy and security, healthcare compliance, and regulatory compliance.