Quest Resource Holding Corporation. (NASDAQ:QRHC) Short Interest Up 56.0% in March

Quest Resource Holding Corporation. (NASDAQ:QRHC) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 88,006 shares, a growth of 56.0% from the March 15th total of 56,405 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 143,333 shares, the short-interest ratio is currently 0.6 days.

Quest Resource Price Performance

NASDAQ:QRHC opened at $1.17 on Tuesday. Quest Resource has a 52 week low of $0.81 and a 52 week high of $2.67. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $24.52 million, a PE ratio of -1.60 and a beta of 0.25. The stock’s 50-day moving average price is $1.51 and its 200-day moving average price is $1.69.

Quest Resource (NASDAQ:QRHC) last posted its earnings results on Friday, March 13th. The business services provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.09). Quest Resource had a negative net margin of 6.15% and a negative return on equity of 14.18%. The business had revenue of $58.91 million for the quarter, compared to analyst estimates of $61.21 million. As a group, equities analysts expect that Quest Resource will post 0.09 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on QRHC shares. Zacks Research lowered Quest Resource from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 31st. Wall Street Zen upgraded Quest Resource to a “hold” rating in a research note on Saturday, January 10th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Quest Resource currently has a consensus rating of “Sell” and an average target price of $2.25.

Institutional Investors Weigh In On Quest Resource

Institutional investors have recently modified their holdings of the business. Truist Financial Corp grew its position in shares of Quest Resource by 11.8% during the 3rd quarter. Truist Financial Corp now owns 276,222 shares of the business services provider’s stock valued at $431,000 after acquiring an additional 29,253 shares during the period. Mink Brook Asset Management LLC boosted its holdings in Quest Resource by 52.0% in 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. Qube Research & Technologies Ltd acquired a new stake in Quest Resource in the 2nd quarter worth about $50,000. Jane Street Group LLC boosted its holdings in Quest Resource by 91.4% in the 4th quarter. Jane Street Group LLC now owns 27,233 shares of the business services provider’s stock worth $51,000 after buying an additional 13,004 shares during the last quarter. Finally, Veradace Capital Management LLC acquired a new stake in Quest Resource in the 4th quarter worth about $2,336,000. 48.16% of the stock is currently owned by institutional investors and hedge funds.

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.