Recruiter.com Group, Inc. (NASDAQ:RCRT) Sees Large Increase in Short Interest

Recruiter.com Group, Inc. (NASDAQ:RCRTGet Rating) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 125,500 shares, an increase of 173.4% from the May 15th total of 45,900 shares. Based on an average daily trading volume, of 132,100 shares, the short-interest ratio is presently 1.0 days. Approximately 1.2% of the company’s stock are short sold.

RCRT stock opened at $0.96 on Friday. The firm has a 50 day moving average of $1.41 and a 200 day moving average of $2.25. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.15. Recruiter.com Group has a 52 week low of $0.86 and a 52 week high of $10.98.

Recruiter.com Group (NASDAQ:RCRTGet Rating) last announced its quarterly earnings data on Monday, May 16th. The company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.11. Recruiter.com Group had a negative net margin of 54.99% and a negative return on equity of 208.02%. The business had revenue of $6.87 million during the quarter, compared to analysts’ expectations of $7.01 million. As a group, analysts predict that Recruiter.com Group will post -0.96 EPS for the current fiscal year.

Separately, Maxim Group lowered their target price on shares of Recruiter.com Group to $4.00 and set a “na” rating for the company in a research note on Tuesday, May 17th.

In related news, CFO Judy Krandel bought 30,000 shares of the stock in a transaction that occurred on Thursday, May 19th. The stock was bought at an average cost of $1.16 per share, for a total transaction of $34,800.00. Following the purchase, the chief financial officer now directly owns 30,000 shares of the company’s stock, valued at $34,800. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders bought 73,489 shares of company stock worth $87,239. Insiders own 18.98% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in RCRT. Virtu Financial LLC acquired a new stake in Recruiter.com Group during the 4th quarter valued at approximately $26,000. Lake Street Financial LLC acquired a new stake in Recruiter.com Group during the 1st quarter valued at approximately $28,000. Renaissance Technologies LLC acquired a new stake in Recruiter.com Group during the 4th quarter valued at approximately $117,000. Millennium Management LLC acquired a new stake in Recruiter.com Group during the 3rd quarter valued at approximately $228,000. Finally, Vanguard Group Inc. lifted its stake in Recruiter.com Group by 15.1% during the 1st quarter. Vanguard Group Inc. now owns 98,608 shares of the company’s stock valued at $267,000 after acquiring an additional 12,950 shares during the period. Institutional investors and hedge funds own 8.51% of the company’s stock.

Recruiter.com Group Company Profile (Get Rating)

Recruiter.com Group, Inc operates an on-demand recruiting platform in the United States and internationally. It offers consulting and staffing services for the placement of professional recruiters; and consulting and staffing personnel services to employers. The company also provides referrals of qualified candidates to employers; and subscription to its web-based platforms that help employers recruit talent.

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