Hudson Technologies, Inc. (NASDAQ:HDSN) Short Interest Update

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

Hudson Technologies Stock Down 3.5 %

HDSN traded down $0.20 during trading on Friday, hitting $5.45. 615,400 shares of the company traded hands, compared to its average volume of 505,869. Hudson Technologies has a one year low of $5.12 and a one year high of $11.08. The stock's fifty day moving average is $5.86 and its 200 day moving average is $6.35. The firm has a market cap of $239.94 million, a P/E ratio of 8.38, a price-to-earnings-growth ratio of 0.49 and a beta of 1.12.

Institutional Investors Weigh In On Hudson Technologies

A number of hedge funds have recently modified their holdings of HDSN. D. E. Shaw & Co. Inc. grew its holdings in Hudson Technologies by 282.6% during the fourth 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. grew its stake in shares of Hudson Technologies by 152.0% during the 4th quarter. JPMorgan Chase & Co. now owns 853,252 shares of the industrial products company's stock worth $4,761,000 after acquiring an additional 514,645 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Hudson Technologies in the 4th quarter worth about $1,733,000. 683 Capital Management LLC increased its holdings in Hudson Technologies by 89.4% in the 4th 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 purchased a new stake in Hudson Technologies during the fourth quarter valued at about $1,612,000. Institutional investors own 71.34% of the company's stock.

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Analysts Set New Price Targets

Separately, Canaccord Genuity Group dropped their target price on shares of Hudson Technologies from $8.00 to $6.25 and set a "hold" rating on the stock in a research report on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $7.50.

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.