Short Interest in Randstad (OTCMKTS:RANJY) Rises By 632.3%

Randstad (OTCMKTS:RANJY) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 22,700 shares, an increase of 632.3% from the September 30th total of 3,100 shares. Based on an average daily trading volume, of 16,800 shares, the short-interest ratio is currently 1.4 days.

Randstad Stock Up 0.6 %

Shares of OTCMKTS RANJY traded up $0.13 during mid-day trading on Friday, reaching $23.33. The company had a trading volume of 26,318 shares, compared to its average volume of 12,407. The stock has a fifty day moving average of $23.91 and a two-hundred day moving average of $24.48. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.10 and a current ratio of 1.10. Randstad has a 12-month low of $22.27 and a 12-month high of $31.82. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 17.95 and a beta of 1.25.

Randstad (OTCMKTS:RANJY) last issued its quarterly earnings data on Tuesday, July 23rd. The business services provider reported $0.36 earnings per share for the quarter. The firm had revenue of $6.55 billion for the quarter. Randstad had a net margin of 1.79% and a return on equity of 13.93%. As a group, equities research analysts expect that Randstad will post 1.57 EPS for the current year.

Randstad Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, October 16th. Shareholders of record on Friday, September 27th were given a $0.5292 dividend. The ex-dividend date of this dividend was Thursday, September 26th. Randstad’s dividend payout ratio is currently 76.92%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upgraded Randstad to a “hold” rating in a report on Friday, October 4th.

About Randstad

Randstad N.V. provides solutions in the field of work and human resources (HR) services. The company provides temporary staffing and permanent placement services; job posting; and résumé services on digital platforms. It offers inhouse, enterprise and digital, and tech suite services. In addition, the company provides managed services programs, recruitment process outsourcing, outplacement and career development, and online talent acquisition.