HireQuest, Inc. (NASDAQ:HQI) Short Interest Update

HireQuest, Inc. (NASDAQ:HQI) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 144,200 shares, a growth of 6.0% from the November 15th total of 136,000 shares. Based on an average daily trading volume, of 15,100 shares, the short-interest ratio is presently 9.5 days. Approximately 2.6% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Barrington Research increased their target price on shares of HireQuest from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, November 15th.

Hedge Funds Weigh In On HireQuest

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of HireQuest by 0.9% in the first quarter. Vanguard Group Inc. now owns 267,461 shares of the company’s stock worth $3,464,000 after purchasing an additional 2,490 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of HireQuest by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 90,113 shares of the company’s stock valued at $1,113,000 after purchasing an additional 772 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of HireQuest during the 3rd quarter worth $147,000. Charles Schwab Investment Management Inc. raised its position in shares of HireQuest by 16.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 16,229 shares of the company’s stock valued at $230,000 after purchasing an additional 2,256 shares during the period. Finally, Barclays PLC boosted its holdings in HireQuest by 288.2% during the third quarter. Barclays PLC now owns 7,837 shares of the company’s stock valued at $110,000 after acquiring an additional 5,818 shares during the period. Hedge funds and other institutional investors own 12.00% of the company’s stock.

HireQuest Stock Down 0.1 %

HQI traded down $0.02 on Tuesday, hitting $14.71. 20,007 shares of the company traded hands, compared to its average volume of 14,575. The company has a 50 day moving average of $14.35 and a 200-day moving average of $13.63. HireQuest has a 12-month low of $11.39 and a 12-month high of $17.31. The stock has a market capitalization of $205.94 million, a PE ratio of 133.64 and a beta of 1.04.

HireQuest Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Monday, December 2nd. HireQuest’s payout ratio is currently 218.18%.

HireQuest Company Profile

HireQuest, Inc provides temporary staffing services in the United States. It offers staffing services, including direct-dispatch, executive search, consultant, unskilled and semi-skilled industrial and construction personnel, clerical and administrative personnel, and permanent placement services, as well as commercial and non-CDL drivers, and skilled personnel in the medical and dental industries.