HireRight Holdings Co. (NYSE:HRT) Short Interest Update

HireRight Holdings Co. (NYSE:HRTGet Rating) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 1,330,000 shares, a growth of 22.0% from the March 15th total of 1,090,000 shares. Currently, 6.2% of the company’s stock are sold short. Based on an average daily trading volume, of 309,500 shares, the days-to-cover ratio is presently 4.3 days.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc purchased a new stake in shares of HireRight in the 4th quarter worth approximately $57,000. Lazard Asset Management LLC bought a new position in HireRight in the 4th quarter worth $58,000. Strs Ohio bought a new stake in HireRight during the fourth quarter valued at about $83,000. Citigroup Inc. bought a new stake in shares of HireRight in the fourth quarter worth about $104,000. Finally, Metropolitan Life Insurance Co NY bought a new stake in shares of HireRight in the fourth quarter worth about $118,000.

A number of brokerages have weighed in on HRT. Credit Suisse Group reduced their price target on HireRight from $26.00 to $21.00 and set an “outperform” rating for the company in a research report on Tuesday, March 22nd. StockNews.com upgraded HireRight from a “sell” rating to a “hold” rating in a research note on Saturday, March 26th. Truist Financial lowered their price objective on HireRight from $20.00 to $17.00 in a research note on Tuesday, March 22nd. The Goldman Sachs Group reduced their target price on HireRight from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, March 22nd. Finally, Barclays reduced their price objective on HireRight from $30.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, March 16th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $22.75.

HireRight stock traded up $1.28 during mid-day trading on Tuesday, reaching $18.24. 811,609 shares of the company’s stock were exchanged, compared to its average volume of 316,824. The business has a fifty day simple moving average of $13.93. HireRight has a one year low of $10.66 and a one year high of $19.46.

HireRight (NYSE:HRTGet Rating) last released its quarterly earnings data on Monday, March 21st. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.26.

About HireRight (Get Rating)

HireRight Holdings Corporation provides technology-driven workforce risk management and compliance solutions. It offers background screening, verification, identification, monitoring, and drug and health screening services for customers worldwide. It offers its services via software and data platform that integrates into its customers' HCM systems enabling workflows for workforce hiring, onboarding, and monitoring.

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