Hudson Technologies, Inc. (NASDAQ:HDSN) Sees Large Increase in Short Interest

Hudson Technologies, Inc. (NASDAQ:HDSN) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 762,900 shares, a growth of 28.0% from the February 28th total of 595,900 shares. Based on an average daily volume of 422,800 shares, the short-interest ratio is presently 1.8 days. Approximately 2.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Hudson Technologies

Several institutional investors have recently made changes to their positions in the stock. D. E. Shaw & Co. Inc. boosted its position in Hudson Technologies by 282.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,345,553 shares of the industrial products company’s stock valued at $7,508,000 after purchasing an additional 993,833 shares during the period. JPMorgan Chase & Co. lifted its stake in Hudson Technologies by 152.0% in the fourth quarter. JPMorgan Chase & Co. now owns 853,252 shares of the industrial products company’s stock valued at $4,761,000 after buying an additional 514,645 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Hudson Technologies during the fourth quarter valued at $1,733,000. 683 Capital Management LLC grew its position in shares of Hudson Technologies by 89.4% during the fourth quarter. 683 Capital Management LLC now owns 635,900 shares of the industrial products company’s stock worth $3,548,000 after acquiring an additional 300,110 shares during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of Hudson Technologies in the 4th quarter worth about $1,612,000. 71.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group cut their price objective on Hudson Technologies from $8.00 to $6.25 and set a “hold” rating on the stock in a research note on Monday, March 10th. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $7.50.

Hudson Technologies Stock Down 0.2 %

Shares of NASDAQ:HDSN opened at $6.17 on Tuesday. The company has a market cap of $271.63 million, a PE ratio of 9.49, a P/E/G ratio of 0.49 and a beta of 1.12. Hudson Technologies has a fifty-two week low of $5.17 and a fifty-two week high of $11.49. The firm has a 50-day simple moving average of $5.87 and a 200 day simple moving average of $6.39.

Hudson Technologies Company Profile

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.