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

Hudson Technologies, Inc. (NASDAQ:HDSNGet Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 909,900 shares, a drop of 6.9% from the February 29th total of 977,700 shares. Currently, 2.3% of the shares of the company are short sold. Based on an average trading volume of 405,900 shares, the short-interest ratio is presently 2.2 days.

Institutional Investors Weigh In On Hudson Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. acquired a new stake in shares of Hudson Technologies in the fourth quarter valued at approximately $26,000. Metropolitan Life Insurance Co NY raised its position in shares of Hudson Technologies by 140.1% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 2,677 shares of the industrial products company’s stock valued at $27,000 after buying an additional 1,562 shares in the last quarter. Quarry LP bought a new position in Hudson Technologies in the first quarter valued at approximately $31,000. Legal & General Group Plc bought a new position in Hudson Technologies in the second quarter valued at approximately $35,000. Finally, Tower Research Capital LLC TRC increased its stake in Hudson Technologies by 230.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,715 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 2,592 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Stock Down 1.2 %

Shares of HDSN stock opened at $11.01 on Monday. Hudson Technologies has a 12-month low of $7.21 and a 12-month high of $15.24. The firm has a 50 day moving average price of $12.99 and a two-hundred day moving average price of $12.94. The company has a market capitalization of $501.07 million, a PE ratio of 9.92, a price-to-earnings-growth ratio of 0.35 and a beta of 0.96.

Hudson Technologies (NASDAQ:HDSNGet Free Report) last released its quarterly earnings results on Wednesday, March 6th. The industrial products company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Hudson Technologies had a net margin of 18.08% and a return on equity of 25.57%. The company had revenue of $44.86 million during the quarter, compared to the consensus estimate of $39.72 million. As a group, research analysts expect that Hudson Technologies will post 1.05 EPS for the current year.

Wall Street Analyst Weigh In

Separately, B. Riley cut their price objective on shares of Hudson Technologies from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, March 7th.

View Our Latest Stock Analysis on Hudson Technologies

Hudson Technologies Company Profile

(Get Free Report)

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.

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