Harte Hanks, Inc. (NASDAQ:HHS) Sees Significant Decline in Short Interest

Harte Hanks, Inc. (NASDAQ:HHS) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 16,076 shares, a decline of 42.4% from the July 15th total of 27,892 shares. Based on an average daily trading volume, of 3,015 shares, the days-to-cover ratio is currently 5.3 days. Currently, 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Harte Hanks

Institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. purchased a new stake in Harte Hanks during the first quarter valued at about $49,000. DRW Securities LLC purchased a new stake in shares of Harte Hanks in the 4th quarter valued at approximately $38,000. BlackRock Inc. acquired a new position in Harte Hanks in the 2nd quarter worth approximately $41,000. Raffles Associates LP purchased a new position in Harte Hanks during the 2nd quarter worth approximately $76,000. Finally, Susquehanna International Group LLP acquired a new stake in Harte Hanks during the 3rd quarter valued at $71,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

Harte Hanks Stock Performance

Shares of NASDAQ:HHS opened at $4.29 on Monday. The stock has a market capitalization of $31.83 million, a price-to-earnings ratio of -5.64 and a beta of -0.03. Harte Hanks has a 1-year low of $2.00 and a 1-year high of $4.50. The company has a 50 day moving average price of $2.41 and a 200 day moving average price of $2.62.

Harte Hanks (NASDAQ:HHS) last released its quarterly earnings data on Friday, August 14th. The business services provider reported ($0.67) earnings per share for the quarter. The company had revenue of $37.98 million for the quarter. Harte Hanks had a negative return on equity of 28.33% and a negative net margin of 3.70%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Harte Hanks in a research note on Monday, July 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Harte Hanks presently has a consensus rating of “Sell”.

About Harte Hanks

Harte-Hanks, Inc engages in the provision of marketing solutions. It specializes in consulting, data analytics, creative services, digital and social media, marketing strategy, marketing technology, and other related services. It supports a range of customers in the field of technology, travel and leisure, entertainment, pharmaceuticals, automotive, finance, and retail. The company was founded in 1923 and is headquartered in San Antonio, TX.