Hudson Global, Inc. (NASDAQ:HSON) Short Interest Down 23.9% in May

Hudson Global, Inc. (NASDAQ:HSON) saw a large decline in short interest in May. As of May 15th, there was short interest totalling 5,100 shares, a decline of 23.9% from the April 30th total of 6,700 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,000 shares, the short-interest ratio is currently 1.3 days.

Institutional Investors Weigh In On Hudson Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Northern Trust Corp bought a new position in Hudson Global in the fourth quarter valued at about $166,000. Manatuck Hill Partners LLC increased its stake in shares of Hudson Global by 33.3% in the fourth quarter. Manatuck Hill Partners LLC now owns 60,000 shares of the business services provider’s stock valued at $783,000 after buying an additional 15,000 shares during the period. Finally, Mink Brook Asset Management LLC bought a new position in Hudson Global in the 4th quarter valued at approximately $3,407,000. Institutional investors own 47.23% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen began coverage on Hudson Global in a research note on Wednesday, May 21st. They issued a “hold” rating on the stock.

Hudson Global Trading Down 1.1%

Shares of Hudson Global stock opened at $8.90 on Wednesday. The firm’s 50 day moving average is $9.74 and its 200 day moving average is $11.68. The firm has a market capitalization of $24.48 million, a PE ratio of -7.74, a price-to-earnings-growth ratio of 0.37 and a beta of 0.42. Hudson Global has a 1 year low of $8.49 and a 1 year high of $19.70.

Hudson Global (NASDAQ:HSON) last posted its earnings results on Tuesday, May 13th. The business services provider reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.52). The company had revenue of $31.87 million for the quarter, compared to the consensus estimate of $32.35 million. Hudson Global had a negative return on equity of 5.22% and a negative net margin of 2.46%. As a group, research analysts anticipate that Hudson Global will post -0.87 earnings per share for the current year.

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.