Short Interest in Hudson Global, Inc. (NASDAQ:HSON) Declines By 49.4%

Hudson Global, Inc. (NASDAQ:HSON) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 3,900 shares, adecreaseof49.4% from the July 15th total of 7,700 shares. Based on an average daily trading volume, of 10,600 shares, the short-interest ratio is currently 0.4 days. Approximately0.2% of the company’s shares are short sold. Approximately0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 10,600 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen initiated coverage on shares of Hudson Global in a research report on Wednesday, May 21st. They set a “hold” rating for the company.

Hedge Funds Weigh In On Hudson Global

Several hedge funds and other institutional investors have recently modified their holdings of HSON. Steel Grove Capital Advisors LLC bought a new position in Hudson Global in the second quarter worth about $93,000. Northern Trust Corp bought a new position in Hudson Global in the fourth quarter worth about $166,000. Manatuck Hill Partners LLC raised its stake in Hudson Global by 33.3% in the fourth quarter. Manatuck Hill Partners LLC now owns 60,000 shares of the business services provider’s stock worth $783,000 after buying an additional 15,000 shares in the last quarter. Finally, Mink Brook Asset Management LLC raised its stake in Hudson Global by 3.5% in the second quarter. Mink Brook Asset Management LLC now owns 274,496 shares of the business services provider’s stock worth $2,336,000 after buying an additional 9,239 shares in the last quarter. 47.23% of the stock is owned by institutional investors.

Hudson Global Trading Down 2.0%

Shares of NASDAQ:HSON opened at $8.8660 on Wednesday. The company has a market cap of $24.47 million, a price-to-earnings ratio of -6.82 and a beta of 0.36. The company has a 50-day moving average price of $8.74 and a 200-day moving average price of $9.76. Hudson Global has a 12 month low of $8.26 and a 12 month high of $18.42.

Hudson Global (NASDAQ:HSON) last issued its quarterly earnings data on Friday, August 8th. The business services provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.05). The firm had revenue of $35.54 million for the quarter, compared to the consensus estimate of $34.38 million. Hudson Global had a negative net margin of 2.81% and a negative return on equity of 3.81%. As a group, research analysts forecast that Hudson Global will post -0.87 EPS for the current fiscal year.

Hudson Global Company Profile

Hudson Global, Inc provides talent solutions for mid-to-large-cap multinational companies and government agencies under the Hudson RPO brand in the Americas, the Asia Pacific, and Europe. It offers recruitment process outsourcing (RPO) services, such as recruitment outsourcing, project-based outsourcing, contingent workforce solutions, and recruitment consulting for clients' permanent staff hires; and RPO contracting services, including outsourced professional contract staffing and managed services.