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

Hudson Technologies, Inc. (NASDAQ:HDSN) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 638,800 shares, a growth of 32.6% from the November 15th total of 481,900 shares. Currently, 1.6% of the company’s stock are sold short. Based on an average daily volume of 615,000 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of Hudson Technologies

A number of large investors have recently made changes to their positions in HDSN. Sequoia Financial Advisors LLC increased its position in shares of Hudson Technologies by 20.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 13,700 shares of the industrial products company’s stock valued at $120,000 after buying an additional 2,300 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Hudson Technologies by 9.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 184,712 shares of the industrial products company’s stock worth $1,624,000 after purchasing an additional 15,392 shares in the last quarter. Legato Capital Management LLC bought a new position in Hudson Technologies during the 2nd quarter worth about $109,000. Principal Financial Group Inc. increased its holdings in Hudson Technologies by 10.3% during the 2nd quarter. Principal Financial Group Inc. now owns 28,736 shares of the industrial products company’s stock worth $253,000 after purchasing an additional 2,673 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in Hudson Technologies during the 2nd quarter worth about $687,000. Institutional investors own 71.34% of the company’s stock.

Hudson Technologies Price Performance

Shares of HDSN traded down $0.13 on Friday, hitting $5.62. The company’s stock had a trading volume of 970,455 shares, compared to its average volume of 511,629. The company has a 50 day moving average price of $6.74 and a 200 day moving average price of $7.85. Hudson Technologies has a fifty-two week low of $5.35 and a fifty-two week high of $15.24. The company 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.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $61.94 million for the quarter, compared to the consensus estimate of $64.92 million. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. During the same quarter in the prior year, the business posted $0.34 EPS. On average, equities analysts forecast that Hudson Technologies will post 0.55 EPS for the current year.

Analyst Upgrades and Downgrades

HDSN has been the topic of several research reports. Roth Mkm lowered Hudson Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $12.00 to $7.00 in a research report on Tuesday, November 5th. B. Riley restated a “neutral” rating and issued a $7.25 target price (down from $8.50) on shares of Hudson Technologies in a research note on Tuesday, November 5th. Canaccord Genuity Group reduced their price objective on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a research report on Tuesday, November 5th. Roth Capital downgraded Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, Craig Hallum lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating and cut their target price for the company from $10.00 to $7.00 in a research note on Tuesday, November 5th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, Hudson Technologies presently has an average rating of “Hold” and an average target price of $7.85.

Hudson Technologies Company Profile

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.