Staffing 360 Solutions, Inc. (NASDAQ:STAF – Get Rating) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 21,000 shares, a drop of 49.4% from the December 31st total of 41,500 shares. Based on an average daily volume of 37,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.0% of the shares of the company are sold short.
Institutional Trading of Staffing 360 Solutions
A hedge fund recently bought a new stake in Staffing 360 Solutions stock. Vanguard Group Inc. acquired a new stake in shares of Staffing 360 Solutions, Inc. (NASDAQ:STAF – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 34,846 shares of the business services provider's stock, valued at approximately $107,000. Vanguard Group Inc. owned 1.43% of Staffing 360 Solutions as of its most recent SEC filing. Institutional investors own 2.44% of the company's stock.
Get Staffing 360 Solutions alerts:Staffing 360 Solutions Price Performance
STAF stock traded up $0.04 during trading on Friday, reaching $3.14. The company's stock had a trading volume of 15,172 shares, compared to its average volume of 36,910. Staffing 360 Solutions has a 1 year low of $2.20 and a 1 year high of $9.40. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.44. The company's fifty day moving average is $2.92 and its 200-day moving average is $3.15.
Staffing 360 Solutions (NASDAQ:STAF – Get Rating) last issued its quarterly earnings data on Monday, November 21st. The business services provider reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.22. The firm had revenue of $66.12 million during the quarter, compared to analyst estimates of $69.12 million. Staffing 360 Solutions had a negative return on equity of 49.63% and a negative net margin of 4.55%. Analysts predict that Staffing 360 Solutions will post -1.57 EPS for the current year.Analyst Ratings Changes
Separately, Greenridge Global reiterated 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 engages in the provision of based staffing services and the acquisition and management of staffing companies in the information technology, financial, accounting, healthcare and cyber security industries. It operates through the following segments: Commercial Staffing, Professional Staffing-US and Professional Staffing-UK.
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