Short Interest in Randstad (OTCMKTS:RANJY) Increases By 632.3%

Randstad (OTCMKTS:RANJY) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 22,700 shares, a growth of 632.3% from the September 30th total of 3,100 shares. Based on an average trading volume of 16,800 shares, the days-to-cover ratio is currently 1.4 days.

Randstad Stock Performance

Shares of RANJY stock traded up $0.13 during trading hours on Friday, reaching $23.33. 26,318 shares of the company’s stock were exchanged, compared to its average volume of 12,407. Randstad has a fifty-two week low of $22.27 and a fifty-two week high of $31.82. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $8.44 billion, a P/E ratio of 17.95 and a beta of 1.25. The business has a fifty day moving average price of $23.91 and a 200-day moving average price of $24.48.

Randstad (OTCMKTS:RANJY) last issued its quarterly earnings results on Tuesday, July 23rd. The business services provider reported $0.36 earnings per share for the quarter. The firm had revenue of $6.55 billion during the quarter. Randstad had a net margin of 1.79% and a return on equity of 13.93%. Analysts predict that Randstad will post 1.57 EPS for the current fiscal year.

Randstad Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, October 16th. Investors of record on Friday, September 27th were given a dividend of $0.5292 per share. The ex-dividend date was Thursday, September 26th. Randstad’s dividend payout ratio (DPR) is presently 76.92%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upgraded shares of Randstad to a “hold” rating in a report on Friday, October 4th.

Randstad Company Profile

Randstad N.V. provides solutions in the field of work and human resources (HR) services. The company provides temporary staffing and permanent placement services; job posting; and résumé services on digital platforms. It offers inhouse, enterprise and digital, and tech suite services. In addition, the company provides managed services programs, recruitment process outsourcing, outplacement and career development, and online talent acquisition.