Short Interest in Hudson Global, Inc. (NASDAQ:HSON) Rises By 17.8%

Hudson Global, Inc. (NASDAQ:HSON) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 8,600 shares, a growth of 17.8% from the February 29th total of 7,300 shares. Based on an average daily volume of 4,700 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.4% of the shares of the stock are sold short.

Hudson Global Stock Performance

Shares of NASDAQ HSON opened at $17.89 on Tuesday. The firm has a fifty day moving average of $15.25 and a 200 day moving average of $16.18. The firm has a market cap of $50.45 million, a PE ratio of 25.93, a PEG ratio of 0.51 and a beta of 0.61. Hudson Global has a one year low of $13.38 and a one year high of $24.03.

Hudson Global (NASDAQ:HSON) last released its earnings results on Thursday, March 14th. The business services provider reported $0.04 earnings per share for the quarter. The business had revenue of $33.97 million for the quarter, compared to analyst estimates of $38.02 million. Hudson Global had a net margin of 1.36% and a return on equity of 5.71%. On average, equities analysts predict that Hudson Global will post 1.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HSON. Vanguard Group Inc. boosted its position in shares of Hudson Global by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 142,367 shares of the business services provider’s stock worth $2,205,000 after buying an additional 2,814 shares during the period. Victory Capital Management Inc. acquired a new position in Hudson Global in the 4th quarter valued at about $51,000. Mariner LLC purchased a new stake in Hudson Global during the third quarter worth about $1,563,000. Royal Bank of Canada lifted its position in shares of Hudson Global by 42.3% during the second quarter. Royal Bank of Canada now owns 6,261 shares of the business services provider’s stock worth $134,000 after purchasing an additional 1,861 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Hudson Global by 1.1% in the second quarter. BlackRock Inc. now owns 62,110 shares of the business services provider’s stock valued at $1,337,000 after purchasing an additional 650 shares during the period. Hedge funds and other institutional investors own 47.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Hudson Global in a report on Tuesday, March 26th. They issued a “strong-buy” rating on the stock.

Hudson Global Company Profile

Hudson Global, Inc provides talent solutions for mid-to-large-cap multinational companies and government agencies under the Hudson RPO brand in the Americas, the Asia Pacific, and Europe. It offers recruitment process outsourcing (RPO) services, such as recruitment outsourcing, project-based outsourcing, contingent workforce solutions, and recruitment consulting for clients' permanent staff hires; and RPO contracting services, including outsourced professional contract staffing and managed services.