Short Interest in Hudson Technologies, Inc. (NASDAQ:HDSN) Expands By 32.6%

Hudson Technologies, Inc. (NASDAQ:HDSN) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 638,800 shares, an increase of 32.6% from the November 15th total of 481,900 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily volume of 615,000 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HDSN shares. Craig Hallum downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating and lowered their price target for the stock from $10.00 to $7.00 in a report on Tuesday, November 5th. B. Riley reaffirmed a “neutral” rating and set a $7.25 price target (down previously from $8.50) on shares of Hudson Technologies in a research report on Tuesday, November 5th. Roth Capital cut shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Canaccord Genuity Group cut their price objective 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. Finally, Roth Mkm lowered shares of Hudson Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $12.00 to $7.00 in a report on Tuesday, November 5th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $7.85.

Hedge Funds Weigh In On Hudson Technologies

A number of large investors have recently added to or reduced their stakes in the business. Koss Olinger Consulting LLC increased its position in shares of Hudson Technologies by 3.6% in the third quarter. Koss Olinger Consulting LLC now owns 44,003 shares of the industrial products company’s stock valued at $367,000 after acquiring an additional 1,513 shares during the period. Rhumbline Advisers increased its position in shares of Hudson Technologies by 2.6% in the second quarter. Rhumbline Advisers now owns 70,982 shares of the industrial products company’s stock valued at $624,000 after acquiring an additional 1,770 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Hudson Technologies by 20.2% in the second quarter. Sequoia Financial Advisors LLC now owns 13,700 shares of the industrial products company’s stock valued at $120,000 after acquiring an additional 2,300 shares during the period. ClariVest Asset Management LLC increased its position in shares of Hudson Technologies by 2.8% in the second quarter. ClariVest Asset Management LLC now owns 93,584 shares of the industrial products company’s stock valued at $823,000 after acquiring an additional 2,555 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Hudson Technologies by 10.3% in the second quarter. Principal Financial Group Inc. now owns 28,736 shares of the industrial products company’s stock valued at $253,000 after acquiring an additional 2,673 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Hudson Technologies Stock Down 2.3 %

Shares of NASDAQ HDSN traded down $0.13 during mid-day trading on Friday, reaching $5.62. 970,455 shares of the company were exchanged, compared to its average volume of 511,629. Hudson Technologies has a 52 week low of $5.35 and a 52 week high of $15.24. The stock has a market capitalization of $254.02 million, a PE ratio of 8.65, a PEG ratio of 0.36 and a beta of 1.13. The company’s 50 day moving average price is $6.74 and its 200 day moving average price is $7.85.

Hudson Technologies (NASDAQ:HDSN) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $61.94 million for the quarter, compared to analysts’ expectations of $64.92 million. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. During the same quarter last year, the company earned $0.34 EPS. On average, sell-side analysts predict that Hudson Technologies will post 0.55 earnings per share for the current year.

About Hudson Technologies

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.