Hudson Technologies, Inc. (NASDAQ:HDSN) Sees Significant Growth in Short Interest

Hudson Technologies, Inc. (NASDAQ:HDSNGet Rating) was the target of a large increase in short interest in May. As of May 15th, there was short interest totalling 1,330,000 shares, an increase of 105.3% from the April 30th total of 647,900 shares. Based on an average daily trading volume, of 1,090,000 shares, the short-interest ratio is currently 1.2 days. Currently, 3.6% of the shares of the stock are sold short.

In other Hudson Technologies news, Director Eric A. Prouty sold 75,000 shares of the company’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $9.00, for a total transaction of $675,000.00. Following the transaction, the director now directly owns 123,169 shares in the company, valued at approximately $1,108,521. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephen P. Mandracchia sold 100,000 shares of the company’s stock in a transaction dated Friday, March 11th. The shares were sold at an average price of $5.75, for a total transaction of $575,000.00. The disclosure for this sale can be found here. 14.30% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC bought a new position in shares of Hudson Technologies during the 1st quarter worth approximately $25,000. Morgan Stanley grew its stake in shares of Hudson Technologies by 36.7% during the 1st quarter. Morgan Stanley now owns 22,347 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 6,000 shares in the last quarter. Barclays PLC grew its stake in shares of Hudson Technologies by 253.5% during the 3rd quarter. Barclays PLC now owns 10,466 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 7,505 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Hudson Technologies during the 2nd quarter worth approximately $43,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Hudson Technologies during the 1st quarter worth approximately $46,000. 61.97% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently weighed in on the stock. StockNews.com downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, April 19th. Zacks Investment Research upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a research report on Friday, March 11th. Finally, Roth Capital upgraded shares of Hudson Technologies from a “neutral” rating to a “buy” rating and increased their price target for the company from $4.00 to $6.50 in a research report on Wednesday, March 9th.

NASDAQ HDSN traded down $0.05 during trading hours on Friday, reaching $9.65. 59,308 shares of the company’s stock were exchanged, compared to its average volume of 792,457. The company’s 50-day moving average is $7.32 and its two-hundred day moving average is $5.25. Hudson Technologies has a one year low of $2.62 and a one year high of $10.17. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.09 and a current ratio of 3.25. The company has a market capitalization of $433.38 million, a price-to-earnings ratio of 7.24, a price-to-earnings-growth ratio of 0.23 and a beta of 1.21.

Hudson Technologies (NASDAQ:HDSNGet Rating) last posted its earnings results on Wednesday, May 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.55. Hudson Technologies had a return on equity of 86.75% and a net margin of 25.85%. During the same quarter in the previous year, the business posted ($0.02) earnings per share. Research analysts predict that Hudson Technologies will post 1.38 earnings per share for the current fiscal year.

About Hudson Technologies (Get Rating)

Hudson Technologies, Inc a refrigerant services company, provides solutions to recurring problems within the refrigeration industry primarily in the United States. The company's products and services include refrigerant and industrial gas sales; refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination to remove moisture, oils, and other contaminants.

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