HireRight Holdings Co. (NYSE:HRT) Short Interest Update

HireRight Holdings Co. (NYSE:HRT) was the target of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 344,600 shares, a growth of 13.9% from the May 15th total of 302,600 shares. Currently, 2.1% of the company’s shares are short sold. Based on an average daily volume of 216,500 shares, the days-to-cover ratio is presently 1.6 days.

HireRight Stock Performance

Shares of HRT stock traded up $0.02 during trading hours on Friday, hitting $14.34. 62,651 shares of the company were exchanged, compared to its average volume of 365,550. The company has a 50 day simple moving average of $14.31 and a two-hundred day simple moving average of $13.73. HireRight has a fifty-two week low of $8.69 and a fifty-two week high of $14.39. The firm has a market cap of $40.44 million, a P/E ratio of -57.36 and a beta of 0.17.

HireRight (NYSE:HRT) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.05. The business had revenue of $173.20 million during the quarter, compared to analyst estimates of $170.20 million.

Analysts Set New Price Targets

A number of analysts have weighed in on HRT shares. William Blair raised shares of HireRight from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 8th. StockNews.com assumed coverage on shares of HireRight in a research report on Friday. They set a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.00.

Institutional Trading of HireRight

Hedge funds have recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. grew its position in HireRight by 37.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 345,620 shares of the company’s stock valued at $3,287,000 after purchasing an additional 94,531 shares during the period. Dark Forest Capital Management LP bought a new position in HireRight during the 3rd quarter valued at $118,000. New York State Common Retirement Fund lifted its stake in HireRight by 328.5% during the 4th quarter. New York State Common Retirement Fund now owns 5,125 shares of the company’s stock valued at $69,000 after acquiring an additional 3,929 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in HireRight during the 3rd quarter valued at $222,000. Finally, Advantage Alpha Capital Partners LP lifted its stake in HireRight by 106.2% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 459,607 shares of the company’s stock valued at $4,371,000 after acquiring an additional 236,675 shares in the last quarter. Institutional investors and hedge funds own 12.49% of the company’s stock.

HireRight Company Profile

HireRight Holdings Corporation provides technology-driven workforce risk management and compliance solutions worldwide. It offers background screening, verification, identification, monitoring, and drug and health screening services for customers under the HireRight brand name. The company provides its services through software and data platform that integrates into its customers' human capital management systems enabling workflows for workforce hiring, onboarding, and monitoring.