HireQuest, Inc. (NASDAQ:HQI) Short Interest Up 17.6% in February

HireQuest, Inc. (NASDAQ:HQI - Get Free Report) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 157,000 shares, a growth of 17.6% from the February 13th total of 133,500 shares. Approximately 2.8% of the company's stock are short sold. Based on an average daily trading volume, of 15,200 shares, the days-to-cover ratio is currently 10.3 days.

HireQuest Stock Down 0.1 %

Shares of NASDAQ:HQI traded down $0.01 during midday trading on Friday, hitting $13.20. The stock had a trading volume of 34,942 shares, compared to its average volume of 14,557. HireQuest has a 12 month low of $11.39 and a 12 month high of $15.75. The business's 50-day simple moving average is $13.60 and its 200-day simple moving average is $13.97. The company has a market cap of $184.80 million, a P/E ratio of 120.00 and a beta of 1.03.

HireQuest Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.06 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.24 annualized dividend and a dividend yield of 1.82%. HireQuest's dividend payout ratio is presently 218.18%.

Hedge Funds Weigh In On HireQuest

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN boosted its position in HireQuest by 36.2% during the fourth quarter. Wells Fargo & Company MN now owns 3,187 shares of the company's stock worth $45,000 after purchasing an additional 847 shares during the period. Barclays PLC boosted its position in HireQuest by 288.2% during the third quarter. Barclays PLC now owns 7,837 shares of the company's stock worth $110,000 after purchasing an additional 5,818 shares during the period. JPMorgan Chase & Co. boosted its position in HireQuest by 233.4% during the third quarter. JPMorgan Chase & Co. now owns 9,932 shares of the company's stock worth $141,000 after purchasing an additional 6,953 shares during the period. Charles Schwab Investment Management Inc. boosted its position in HireQuest by 16.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,229 shares of the company's stock worth $230,000 after purchasing an additional 2,256 shares during the period. Finally, Inlight Wealth Management LLC bought a new position in HireQuest during the fourth quarter worth $287,000. 12.00% of the stock is owned by institutional investors.

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HireQuest Company Profile

HireQuest, Inc provides temporary staffing services in the United States. It offers staffing services, including direct-dispatch, executive search, consultant, unskilled and semi-skilled industrial and construction personnel, clerical and administrative personnel, and permanent placement services, as well as commercial and non-CDL drivers, and skilled personnel in the medical and dental industries.