Staffing 360 Solutions, Inc. (NASDAQ:STAF) Short Interest Up 20.1% in May

Staffing 360 Solutions, Inc. (NASDAQ:STAF) was the target of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 63,900 shares, a growth of 20.1% from the May 15th total of 53,200 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily trading volume, of 55,000 shares, the short-interest ratio is presently 1.2 days.

Institutional Trading of Staffing 360 Solutions

An institutional investor recently bought a new position in Staffing 360 Solutions stock. Armistice Capital LLC bought a new position in shares of Staffing 360 Solutions, Inc. (NASDAQ:STAF) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 358,830 shares of the business services provider’s stock, valued at approximately $244,000. Armistice Capital LLC owned 6.41% of Staffing 360 Solutions as of its most recent SEC filing. 15.19% of the stock is currently owned by hedge funds and other institutional investors.

Staffing 360 Solutions Price Performance

Shares of STAF stock remained flat at $0.28 during trading on Friday. 39,260 shares of the stock traded hands, compared to its average volume of 88,446. Staffing 360 Solutions has a 1 year low of $0.23 and a 1 year high of $1.02. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $1.79 million, a price-to-earnings ratio of -0.03 and a beta of 0.60. The firm’s 50-day moving average price is $0.31 and its two-hundred day moving average price is $0.34.

About Staffing 360 Solutions

Staffing 360 Solutions, Inc, a staffing company, engages in the acquisition of staffing companies in the United States and the United Kingdom. It provides temporary contractors, and permanent placement services. The company focuses primarily on the staffing companies supporting accounting and finance, information technology, engineering, administration, and commercial disciplines.