Staffing 360 Solutions, Inc. (NASDAQ:STAF – Get Rating) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 50,400 shares, a growth of 330.8% from the October 31st total of 11,700 shares. Based on an average daily volume of 33,600 shares, the short-interest ratio is currently 1.5 days. Approximately 2.2% of the shares of the stock are sold short.
Institutional Investors Weigh In On Staffing 360 Solutions
A hedge fund recently bought a new stake in Staffing 360 Solutions stock. Vanguard Group Inc. bought a new stake in shares of Staffing 360 Solutions, Inc. (NASDAQ:STAF – Get Rating) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 34,846 shares of the business services provider's stock, valued at approximately $107,000. Vanguard Group Inc. owned about 1.43% of Staffing 360 Solutions as of its most recent filing with the SEC. 6.37% of the stock is owned by institutional investors and hedge funds.
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Staffing 360 Solutions Price Performance
NASDAQ:STAF traded down $0.01 during trading hours on Wednesday, reaching $2.62. 46,345 shares of the company traded hands, compared to its average volume of 48,760. The firm's 50-day moving average is $2.86 and its 200-day moving average is $4.76. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.72. Staffing 360 Solutions has a 1-year low of $2.20 and a 1-year high of $12.40.
Analyst Upgrades and Downgrades
Separately, Greenridge Global reaffirmed a "buy" rating on shares of Staffing 360 Solutions in a research note on Wednesday, November 23rd.
About Staffing 360 Solutions
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Staffing 360 Solutions, Inc, a staffing company, engages in the acquisition of staffing companies in the United States and the United Kingdom. It provides temporary contractors; and recruits candidates for permanent placement. The company focuses primarily on the staffing companies supporting accounting and finance, information technology, engineering, administration, and commercial disciplines.
Further Reading
- Get a free copy of the StockNews.com research report on Staffing 360 Solutions (STAF)
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