Hays plc (OTCMKTS:HAYPY) Sees Large Growth in Short Interest

Hays plc (OTCMKTS:HAYPYGet Rating) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 3,500 shares, an increase of 169.2% from the March 31st total of 1,300 shares. Based on an average daily trading volume, of 1,900 shares, the days-to-cover ratio is presently 1.8 days.

HAYPY remained flat at $$15.02 during trading on Friday. The company’s fifty day moving average price is $16.95 and its 200-day moving average price is $19.06. Hays has a twelve month low of $15.02 and a twelve month high of $18.05.

The company also recently announced a dividend, which was paid on Monday, April 25th. Shareholders of record on Monday, March 7th were given a dividend of $0.112 per share. The ex-dividend date of this dividend was Friday, March 4th. This represents a yield of 7.32%.

HAYPY has been the topic of a number of analyst reports. Exane BNP Paribas downgraded Hays from an “outperform” rating to a “neutral” rating in a research note on Thursday, March 17th. Zacks Investment Research downgraded Hays from a “buy” rating to a “hold” rating in a research note on Friday, April 8th. Finally, Barclays decreased their target price on Hays from GBX 205 ($2.61) to GBX 190 ($2.42) in a research report on Monday, April 4th.

About Hays (Get Rating)

Hays plc operates as a recruitment company in Australia, New Zealand, Germany, the United Kingdom, Ireland, and internationally. The company offers permanent, temporary, and contractor recruitment services, such as qualified, professional, and skilled recruitment to public and private sectors. It also specializes in offering recruitment services in the areas of accountancy and finance, construction and property, technology, life sciences, sales and marketing, banking and capital markets, contact centers, education, engineering and manufacturing, executive, financial services, health and social care, human resources, legal, office support, energy, oil and gas, procurement, retail, resources and mining, and telecoms.

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