GEE Group, Inc. (NYSEAMERICAN:JOB – Get Rating) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 549,600 shares, an increase of 58.6% from the April 30th total of 346,600 shares. Based on an average trading volume of 501,800 shares, the short-interest ratio is presently 1.1 days. Currently, 0.5% of the shares of the stock are sold short.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Moors & Cabot Inc. acquired a new position in shares of GEE Group during the 3rd quarter worth about $1,173,000. Citadel Advisors LLC acquired a new stake in GEE Group in the 2nd quarter valued at about $28,000. Morgan Stanley raised its holdings in GEE Group by 708.3% in the 2nd quarter. Morgan Stanley now owns 54,374 shares of the company’s stock valued at $32,000 after acquiring an additional 47,647 shares during the last quarter. Truist Financial Corp acquired a new stake in GEE Group in the 1st quarter valued at about $35,000. Finally, Virtu Financial LLC raised its holdings in GEE Group by 127.8% in the 1st quarter. Virtu Financial LLC now owns 71,225 shares of the company’s stock valued at $39,000 after acquiring an additional 39,956 shares during the last quarter. Hedge funds and other institutional investors own 12.86% of the company’s stock.
JOB opened at $0.59 on Friday. GEE Group has a twelve month low of $0.39 and a twelve month high of $0.69. The stock has a market cap of $67.59 million, a P/E ratio of -5.92 and a beta of 2.08.
GEE Group Company Profile (Get Rating)
GEE Group, Inc provides permanent and temporary professional and industrial staffing and placement services in the United States. The company operates through two segments, Industrial Staffing Services and Professional Staffing Services. It offers placement of information technology, accounting, finance, office, engineering, and medical professionals for direct hire and contract staffing services; and temporary staffing services for light industrial clients.
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