Hill International Inc (NYSE:HIL) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 330,200 shares, a decrease of 10.7% from the June 30th total of 369,700 shares. Based on an average daily volume of 130,000 shares, the short-interest ratio is currently 2.5 days. Currently, 0.7% of the shares of the stock are sold short.
Separately, ValuEngine raised shares of Hill International from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.
Shares of NYSE:HIL traded down $0.14 during mid-day trading on Wednesday, hitting $3.04. The stock had a trading volume of 105,200 shares, compared to its average volume of 114,208. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.60 and a current ratio of 1.60. Hill International has a 12-month low of $2.11 and a 12-month high of $4.40. The firm’s 50 day simple moving average is $2.92.
In other Hill International news, Director James M. Chadwick bought 225,581 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was acquired at an average cost of $2.29 per share, with a total value of $516,580.49. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James M. Chadwick bought 107,914 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were acquired at an average cost of $2.70 per share, with a total value of $291,367.80. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 756,716 shares of company stock valued at $1,927,760. Company insiders own 13.08% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp acquired a new position in shares of Hill International in the fourth quarter valued at $97,000. Northern Trust Corp bought a new stake in shares of Hill International in the 4th quarter valued at approximately $206,000. Dimensional Fund Advisors LP bought a new stake in shares of Hill International during the 4th quarter worth approximately $5,816,000. Geode Capital Management LLC bought a new stake in shares of Hill International during the 4th quarter worth approximately $397,000. Finally, Millennium Management LLC bought a new stake in shares of Hill International during the 4th quarter worth approximately $34,000. Institutional investors own 50.71% of the company’s stock.
About Hill International
Hill International, Inc provides project and construction management, and other consulting services primarily for the buildings, transportation, environmental, energy, and industrial markets. The company offers program management, project management, construction management, project management oversight, troubled project turnaround, staff augmentation, project labor agreement consulting, commissioning, estimating and cost management, and labor compliance and facilities management services.
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