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

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) saw a significant decrease in short interest in December. As of December 15th, there was short interest totalling 534,700 shares, a decrease of 16.3% from the November 30th total of 638,800 shares. Based on an average trading volume of 649,400 shares, the short-interest ratio is presently 0.8 days. Approximately 1.4% of the company's shares are short sold.

Hudson Technologies Stock Performance

Shares of NASDAQ HDSN traded down $0.01 during midday trading on Friday, reaching $5.40. 302,149 shares of the company's stock were exchanged, compared to its average volume of 512,167. Hudson Technologies has a 52-week low of $5.17 and a 52-week high of $15.24. The business's fifty day moving average price is $6.24 and its two-hundred day moving average price is $7.58. The stock has a market capitalization of $244.07 million, a PE ratio of 8.31, a price-to-earnings-growth ratio of 0.36 and a beta of 1.13.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. The firm had revenue of $61.94 million during the quarter, compared to analyst estimates of $64.92 million. During the same quarter last year, the firm earned $0.34 EPS. Analysts predict that Hudson Technologies will post 0.55 earnings per share for the current fiscal year.

Institutional Trading of Hudson Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in Hudson Technologies by 69.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 338,607 shares of the industrial products company's stock valued at $2,824,000 after acquiring an additional 139,042 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Hudson Technologies in the 3rd quarter valued at about $373,000. Barclays PLC lifted its position in shares of Hudson Technologies by 314.0% during the third quarter. Barclays PLC now owns 68,191 shares of the industrial products company's stock worth $569,000 after purchasing an additional 51,719 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Hudson Technologies by 1.1% during the third quarter. Geode Capital Management LLC now owns 990,856 shares of the industrial products company's stock worth $8,265,000 after purchasing an additional 10,707 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in Hudson Technologies by 5.8% in the third quarter. Public Employees Retirement System of Ohio now owns 367,640 shares of the industrial products company's stock worth $3,066,000 after purchasing an additional 20,000 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

HDSN has been the topic of several recent research reports. Canaccord Genuity Group reduced their target price on shares of Hudson Technologies from $8.75 to $8.00 and set a "hold" rating on the stock in a report on Tuesday, November 5th. Roth Mkm cut Hudson Technologies from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $12.00 to $7.00 in a research note on Tuesday, November 5th. B. Riley reiterated a "neutral" rating and issued a $7.25 target price (down previously from $8.50) on shares of Hudson Technologies in a research note on Tuesday, November 5th. Craig Hallum lowered Hudson Technologies from a "buy" rating to a "hold" rating and reduced their price target for the stock from $10.00 to $7.00 in a research report on Tuesday, November 5th. Finally, Roth Capital downgraded shares of Hudson Technologies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Six analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $7.85.

About Hudson Technologies

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.