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

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 638,800 shares, a growth of 32.6% from the November 15th total of 481,900 shares. Based on an average daily volume of 615,000 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.6% of the company's stock are sold short.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HDSN shares. Canaccord Genuity Group dropped their target price on shares of Hudson Technologies from $8.75 to $8.00 and set a "hold" rating on the stock in a research report on Tuesday, November 5th. Roth Capital downgraded Hudson Technologies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Craig Hallum lowered Hudson Technologies from a "buy" rating to a "hold" rating and dropped their target price for the company from $10.00 to $7.00 in a report on Tuesday, November 5th. Roth Mkm lowered shares of Hudson Technologies from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $12.00 to $7.00 in a research report on Tuesday, November 5th. Finally, B. Riley restated 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. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $7.85.

Hudson Technologies Stock Down 2.3 %

HDSN stock traded down $0.13 on Friday, reaching $5.62. 970,455 shares of the company's stock were exchanged, compared to its average volume of 511,629. The stock has a fifty day moving average of $6.74 and a 200-day moving average of $7.84. The firm has a market cap of $254.02 million, a PE ratio of 8.65, a P/E/G ratio of 0.36 and a beta of 1.13. Hudson Technologies has a twelve month low of $5.35 and a twelve month high of $15.24.

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

Institutional Investors Weigh In On Hudson Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. nVerses Capital LLC purchased a new stake in shares of Hudson Technologies in the 3rd quarter worth about $28,000. West Tower Group LLC purchased a new stake in shares of Hudson Technologies in the third quarter valued at about $28,000. Quarry LP grew its position in shares of Hudson Technologies by 901.1% in the third quarter. Quarry LP now owns 4,675 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 4,208 shares during the last quarter. FMR LLC increased its stake in shares of Hudson Technologies by 299.8% during the 3rd quarter. FMR LLC now owns 4,670 shares of the industrial products company's stock worth $39,000 after purchasing an additional 3,502 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of Hudson Technologies during the 2nd quarter worth approximately $55,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.