Short Interest in Hudson Technologies, Inc. (NASDAQ:HDSN) Rises By 32.6%

Hudson Technologies, Inc. (NASDAQ:HDSN) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 638,800 shares, an increase of 32.6% from the November 15th total of 481,900 shares. Based on an average trading volume of 615,000 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.6% of the company’s stock are short sold.

Analyst Ratings Changes

HDSN has been the subject of a number of recent research reports. Roth Mkm lowered Hudson Technologies from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $12.00 to $7.00 in a report on Tuesday, November 5th. B. Riley reiterated a “neutral” rating and set a $7.25 price target (down previously from $8.50) on shares of Hudson Technologies in a report on Tuesday, November 5th. Canaccord Genuity Group lowered their price target on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a research report on Tuesday, November 5th. Roth Capital downgraded shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Craig Hallum downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating and lowered their target price for the company from $10.00 to $7.00 in a report on Tuesday, November 5th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $7.85.

Hudson Technologies Price Performance

Shares of NASDAQ HDSN traded down $0.13 during mid-day trading on Friday, reaching $5.62. 970,455 shares of the company’s stock were exchanged, compared to its average volume of 511,629. The firm has a 50-day moving average price of $6.74 and a two-hundred day moving average price of $7.85. The firm has a market capitalization of $254.02 million, a price-to-earnings ratio of 8.65, a price-to-earnings-growth ratio of 0.36 and a beta of 1.13. Hudson Technologies has a 52 week low of $5.35 and a 52 week high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. The business had revenue of $61.94 million for the quarter, compared to analyst estimates of $64.92 million. During the same quarter in the previous year, the firm posted $0.34 earnings per share. As a group, sell-side analysts forecast that Hudson Technologies will post 0.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. New South Capital Management Inc. purchased a new position in shares of Hudson Technologies in the second quarter worth about $11,564,000. Dimensional Fund Advisors LP grew its stake in Hudson Technologies by 22.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,019,067 shares of the industrial products company’s stock valued at $17,747,000 after buying an additional 364,117 shares in the last quarter. Sixth Street Partners Management Company L.P. grew its stake in Hudson Technologies by 30.0% in the 2nd quarter. Sixth Street Partners Management Company L.P. now owns 1,300,000 shares of the industrial products company’s stock valued at $11,427,000 after buying an additional 300,000 shares in the last quarter. Foundry Partners LLC raised its holdings in Hudson Technologies by 39.3% during the 2nd quarter. Foundry Partners LLC now owns 941,923 shares of the industrial products company’s stock valued at $8,280,000 after acquiring an additional 265,825 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Hudson Technologies during the second quarter worth $1,537,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Hudson Technologies Company Profile

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.